Progress to buy Cloud Software unit ShareFile for $875 million

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Go back to Progress to buy Cloud Software unit ShareFile for $875 million

JPMorgan Reiterates Overweight Rating on Progress Software (PRGS)

September 9, 2024 10:22 AM EDT

JPMorgan analyst Pinjalim Bora reiterated an Overweight rating and $63.00 price target on Progress Software (NASDAQ: PRGS).

The analyst comments "Progress announced that it has entered into a definitive agreement to acquire ShareFile, a leading cloud-native SaaS collaboration software for document-centric use cases, for $875M in an all-cash... More

DA Davidson Reiterates Buy Rating on Progress Software (PRGS)

September 9, 2024 10:20 AM EDT

DA Davidson analyst Lucky Schreiner reiterated a Buy rating and $65.00 price target on Progress Software (NASDAQ: PRGS).

The analyst comments "This morning, Progress announced that they have entered into an agreement to acquire ShareFile, a document-centric collaboration solution, for ~$875M or ~3.6x annualized Rev of... More