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

• Camden Property Trust (CPT) PT Raised to $123 at Truist Securities
• Oxford Industries (OXM) PT Lowered to $40 at Truist as 'Volatile macro continues to pressure the topline'
• Chewy Inc. (CHWY) PT Lowered to $24 at UBS as Q1 Print Shows Stock 'Not Immune From the Macro'