Oppenheimer Maintains Outperform on Progress Software, Raises Price Target to $80
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 $70 to $80.
October 22, 2024 | 4:24 pm
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Oppenheimer has reaffirmed its 'Outperform' rating for Progress Software and increased the price target to $80, indicating confidence in the company's future performance.
The increase in price target from $70 to $80 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 have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100