D.A. Davidson analyst Lucky Schreiner maintains $Progress Software (PRGS.US)$ with a buy rating, and adjusts the target price from $65 to $70.
According to TipRanks data, the analyst has a success rate of 0.0% and a total average return of 0.0% 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 expectations and led to a raised forecast for Q4, not accounting for the expected impact from the upcoming ShareFile acquisition. There exists a 'unique opportunity' to enhance margins and subsequently, free cash flow on a larger scale. While acknowledging that certainty is never guaranteed and risks are inherent in such efforts, a look at historical performance suggests that there's promising potential.
Progress Software's recent Q3 results surpassed expectations, supported by widespread demand for its diverse product offerings and robust profit margins. The company has experienced negligible effects from the MOVEit security incident and has been exonerated by the SEC. As the company progresses beyond the incident with minimal impact, it is anticipated that any residual concerns affecting the share price will abate. In regards to acquisitions, the company's leadership has conveyed a strong belief in their capacity to assimilate ShareFile and enhance operating margins to exceed 40%. The overall sentiment remains favorable, recognizing management's consistent track record in surpassing revenue targets while maintaining substantial 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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戴維森信託分析師Lucky Schreiner維持$Progress Software (PRGS.US)$買入評級，並將目標價從65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0.0%，總平均回報率為0.0%。
此外，綜合報道，$Progress Software (PRGS.US)$近期主要分析師觀點如下：
Progress Software最近的業績超出了第三季度的預期，導致對第四季度的預測上調，這還沒有考慮到即將進行的ShareFile收購的預期影響。有一個 「難得的機會」 可以提高利潤率，進而擴大自由現金流。儘管承認確定性永遠無法保證，而且這些努力固有風險，但縱觀歷史表現表明潛力巨大。
Progress Software最近的第三季度業績超出了預期，這得益於對其多樣化產品的廣泛需求和強勁的利潤率。該公司在MoveIT安全事件中受到的影響微乎其微，美國證券交易委員會已免除罪責。隨着公司在事件發生後取得進展，影響微乎其微，預計任何影響股價的剩餘擔憂都將減弱。在收購方面，該公司的領導層堅信他們有能力吸收ShareFile並將營業利潤率提高到40％以上。整體情緒仍然樂觀，這表明管理層在超越收入目標的同時保持了可觀的盈利能力。
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