DA Davidson Reiterates Buy Rating on Progress Software (PRGS)

DA Davidson analyst Lucky Schreiner reiterated a Buy rating and $75.00 price target on Progress Software (NASDAQ: PRGS).

The analyst commented, "Progress reported a great start to FY25 with beats across the board. The integration of ShareFile is tracking ahead of schedule and we expect management will deliver on driving the business to target operating margins of 40%. We continue to believe Progress can deliver strong inorganic growth while maintaining low organic growth and best-in-class margins."

For an analyst ratings summary and ratings history on Progress Software click here. For more ratings news on Progress Software click here.

Shares of Progress Software closed at $51.51 yesterday.

You May Also Be Interested In

• Generac Holdings (GNRC) PT Raised to $335 at UBS on durability and visibility of earnings trajectory
• Datadog (DDOG) PT Raised to $260 at Benchmark as Checks Reveal Positive Feedback
• UBS Reiterates Buy Rating on Packaging Corp. of America (PKG) Despite Possible Q2 Earnings Shortfall