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Progress Software Corporation (PRGS) Tops Q3 EPS by 3c, Offers Guidance

Go back to Progress Software Corporation (PRGS) Tops Q3 EPS by 3c, Offers Guidance

Progress Software (PRGS) PT Lowered to $45 at Jefferies

September 28, 2022 8:39 AM EDT

Jefferies analyst Brent Thill lowered the price target on Progress Software (NASDAQ: PRGS) to $45.00 (from $52.00) while maintaining a Hold rating following results.

The analyst commented, "PRGS delivered a top-line beat but FY22 reported rev guide was reiterated on worsening FX headwinds. Net... More