Critical Insights From Progress Software Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Over the past three months, 4 analysts have shared their insights on Progress Software (NASDAQ:PRGS), with ratings ranging from bullish to bearish. The average 12-month price target is $62.5, down from $63.75. Analysts from DA Davidson, Oppenheimer, Jefferies, and Guggenheim have maintained or adjusted their ratings and price targets. Progress Software has shown a positive revenue trend and strong net margin but faces challenges with its ROE.
June 26, 2024 | 5:01 pm
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Progress Software (NASDAQ:PRGS) has received mixed analyst ratings over the past three months, with an average 12-month price target of $62.5, down from $63.75. The company has shown positive revenue growth and strong net margin but faces challenges with its ROE.
The mixed analyst ratings and slight decline in the average price target suggest a neutral short-term impact on PRGS. Positive revenue growth and strong net margin are offset by challenges with ROE, leading to a balanced outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100