Key Takeaways From Progress Software Analyst Ratings
Portfolio Pulse from Benzinga Insights
Progress Software (NASDAQ:PRGS) has received mixed analyst ratings over the past three months, with a positive shift in average price targets. Analysts have raised their price targets, indicating a bullish sentiment. The company's financials show strong net margins and ROA, but challenges in ROE and high debt levels.
October 22, 2024 | 5:00 pm
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Progress Software has seen a positive shift in analyst ratings, with raised price targets indicating a bullish sentiment. The company's financials show strong net margins and ROA, but challenges in ROE and high debt levels.
Analysts have raised their price targets for PRGS, indicating a bullish sentiment. The company's strong net margins and ROA are positive indicators, but challenges in ROE and high debt levels may pose risks. Overall, the positive shift in analyst ratings is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100