Wedbush Reiterates Outperform on Progress Software, Maintains $65 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives has reiterated an Outperform rating on Progress Software (NASDAQ:PRGS) and maintained a $65 price target.

September 27, 2023 | 1:11 pm
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Wedbush analyst Daniel Ives has reiterated an Outperform rating on Progress Software and maintained a $65 price target.
The reiteration of an Outperform rating and a maintained price target by a well-known analyst like Daniel Ives is a positive signal for the stock. It suggests that the analyst continues to have high expectations for the company's performance, which could influence investor sentiment and potentially drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100