DA Davidson Initiates Coverage On Progress Software with Buy Rating, Announces Price Target of $65
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Lucky Schreiner initiates coverage on Progress Software (NASDAQ:PRGS) with a Buy rating and a price target of $65.
March 28, 2024 | 11:39 am
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POSITIVE IMPACT
Progress Software receives a Buy rating from DA Davidson with a price target of $65.
The initiation of coverage by DA Davidson with a Buy rating and a price target of $65 is a strong positive signal for Progress Software. This endorsement from a reputable analyst could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100