Guggenheim analyst John Difucci maintains $Progress Software (PRGS.US)$ with a buy rating, and adjusts the target price from $64 to $70.
According to TipRanks data, the analyst has a success rate of 66.8% and a total average return of 21.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Progress Software (PRGS.US)$'s main analysts recently are as follows:
Progress Software has surpassed Q3 consensus expectations and provided a higher implied Q4 estimate, disregarding potential impacts from the expected ShareFile acquisition. There is a distinct opportunity to enhance margins and elevate free cash flow on a larger scale. While it's acknowledged that success is not guaranteed and risk is inherent in these ventures, a look at historical performance suggests promising potential for the company.
Progress Software has reported a robust third quarter, surpassing estimates with solid demand across its range of products and notable profitability. The company has experienced minimal impact from the MOVEit breach and has also been exonerated by the SEC from any wrongdoing. As the company moves beyond the breach with scant disruption, it is anticipated that any negative impact on its stock will fade. In terms of mergers and acquisitions, the company's leadership is confident in their capacity to assimilate ShareFile effectively and to elevate operating margins to 40% or higher. There is a continued positive outlook on the company's trajectory, with leadership demonstrating an ability to consistently achieve top-line growth and maintain strong profitability.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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Guggenheim分析師John Difucci維持$Progress Software (PRGS.US)$買入評級，並將目標價從64美元上調至70美元。
根據TipRanks數據顯示，該分析師近一年總勝率為66.8%，總平均回報率為21.5%。
此外，綜合報道，$Progress Software (PRGS.US)$近期主要分析師觀點如下：
progress software已超出Q3的共識預期，並提供了更高的Q4預估值，忽略了預期的ShareFile收購可能帶來的影響。在更大範圍內，存在顯著的機會來提升邊際和提高自由現金流。儘管成功並非百分之百保證，風險固有於這些冒險中，但對歷史表現的審視表明該公司具有可觀的潛力。
progress software報告了強勁的第三季度，各種產品需求強勁，盈利顯著，超出了預期。公司受到MOVEit違規事件的影響較小，並且已被SEC免除任何不當行爲的指責。隨着公司在幾乎沒有中斷的情況下超越違規事件，預計其股價的負面影響將會消失。在併購方面，公司領導層對自己有效吸收ShareFile並將經營邊際提升至40%或更高的能力充滿信心。對公司的發展軌跡持續看漲，領導層展示了不斷實現營收增長和保持強勁盈利能力的能力。
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