Decoding 7 Analyst Evaluations For Progress Software
Portfolio Pulse from Benzinga Insights
Progress Software (NASDAQ:PRGS) has received mixed analyst ratings over the past three months, with a slight downward trend in average price targets. Analysts have maintained or adjusted their ratings based on market conditions, with a current average price target of $64.43. Despite a decline in revenue growth, Progress Software shows strong net margins and asset utilization but faces challenges with debt management and return on equity.
September 10, 2024 | 2:00 pm
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Progress Software has received a mix of bullish and somewhat bullish ratings from analysts, with a slight decrease in average price targets. The company faces challenges in revenue growth and debt management but maintains strong net margins and asset utilization.
The mixed analyst ratings and slight decrease in average price targets suggest a neutral short-term impact on PRGS stock. While the company shows strong net margins and asset utilization, challenges in revenue growth and debt management may offset positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100