Progress Software shares are trading higher after Oppenheimer raised its price target on the stock form $66 to $70. The stock is also moving on continued strength following strong Q3 earnings and guidance yesterday.
Portfolio Pulse from Benzinga Newsdesk
Progress Software shares are trading higher due to Oppenheimer's increased price target from $66 to $70, alongside strong Q3 earnings and guidance.
September 25, 2024 | 1:49 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Progress Software's stock is experiencing an upward trend due to Oppenheimer's increased price target and strong Q3 earnings and guidance.
The increase in price target by Oppenheimer suggests a positive outlook from analysts, which typically boosts investor confidence. Coupled with strong Q3 earnings and guidance, this news is likely to drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100