Oppenheimer Maintains Outperform on Progress Software, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Ittai Kidron has maintained an 'Outperform' rating on Progress Software (NASDAQ:PRGS) and raised the price target from $66 to $70.
September 25, 2024 | 12:38 pm
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Oppenheimer has reaffirmed its 'Outperform' rating for Progress Software and increased the price target to $70, indicating confidence in the company's future performance.
The increase in price target from $66 to $70 by Oppenheimer suggests a positive outlook on Progress Software's future performance. The 'Outperform' rating indicates that the analyst expects the stock to perform better than the market average, which is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100