Needham Reiterates Buy Rating on PROS Holdings (PRO)

Needham analyst Scott Berg reiterated a Buy rating and $40.00 price target on PROS Holdings (NYSE: PRO).

The analyst commented: "We reiterate our Buy rating on PRO shares after hosting an NDR with CFO Stefan Schulz and Head of IR Belinda Overdeput in the Mid-Atlantic last week. While shares remain under pressure from weak Travel bookings, mgmt's deep explanation of Travel's idiosyncratic challenges have us believing the issues clear up in quarters and not years which should lead mid-2025 growth re-acceleration. We expect demand for its Revenue Management solutions should be high after four pandemic years driving weak investments. B2B sales commentary was positive and should remain the primary growth engine with the new CRO making small tweaks versus big changes. Management remains confident in its ability to achieve its Rule of 40 target with the push to FY27 more to account for the near-term uncertainly on its Travel segment than any longer term concern."

For an analyst ratings summary and ratings history on PROS Holdings click here. For more ratings news on PROS Holdings click here.

Shares of PROS Holdings closed at $17.82 yesterday.

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