Oppenheimer analyst Ittai Kidron maintains $Progress Software (PRGS.US)$ with a buy rating, and adjusts the target price from $66 to $70.
According to TipRanks data, the analyst has a success rate of 52.7% and a total average return of 12.5% 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's recent performance surpassed Q3 consensus forecasts and prompted an upward revision of Q4 estimates, disregarding the expected impact from the forthcoming ShareFile acquisition. The significant opportunity lies in amplifying the margin and consequently enhancing free cash flow on a larger scale. While acknowledging that certainty is never assured and risks are inherent in such ventures, a review of historical outcomes suggests a favorable view of the company's prospects.
Progress Software has been acknowledged for delivering a robust third quarter, surpassing estimates due to widespread demand for its diverse product offerings and notable profitability. Impressively, the company has experienced minimal impact from the MOVEit breach, further reinforced by a recent exoneration from any misconduct by the SEC. As the company progresses beyond the breach with minimal fallout, it is anticipated that the stock's temporary burden will diminish. In terms of mergers and acquisitions, the company's leadership has conveyed optimism regarding the integration of ShareFile and the prospect of elevating operating margins to surpass 40%. The overall sentiment remains optimistic, with the belief that management has consistently demonstrated an ability to achieve sustained top-line growth while maintaining robust profitability.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
奧本海默控股分析師Ittai Kidron維持$Progress Software (PRGS.US)$買入評級，並將目標價從66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52.7%，總平均回報率為12.5%。
此外，綜合報道，$Progress Software (PRGS.US)$近期主要分析師觀點如下：
progress software最近的表現超過了Q3的共識預測，並促使Q4的預估上調，忽略了即將進行的ShareFile收購所帶來的預期影響。重要機會在於增加利潤率，從而在更大範圍內增強自由現金流。儘管承認確定性從來都不是必然的，風險在這類投資中固有，但對歷史結果的審視表明了對公司前景的樂觀看法。
progress software因交付強勁第三季度而受到肯定，由於其多樣化產品供應和顯著盈利能力的廣泛需求而超越了預期。令人印象深刻的是，公司受到了MOVEit數據泄露的最低影響，最近受到了SEC任何不端行爲的洗雪。隨着公司超越數據泄露事件，預計股價的暫時負面影響將減弱。在併購方面，公司領導層表達了對ShareFile整合和提高營運利潤率至40%以上前景的樂觀看法。整體情緒保持樂觀，相信管理層一直表現出具備持續實現營收增長並保持強勁盈利能力的能力。
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