Citi analyst Tyler Radke maintains $Progress Software (PRGS.US)$ with a hold rating, and adjusts the target price from $54 to $65.
According to TipRanks data, the analyst has a success rate of 49.2% and a total average return of 3.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Progress Software (PRGS.US)$'s main analysts recently are as follows:
Following Progress Software's results surpassing Q3 consensus forecasts and heightened implied Q4 estimates, which exclude the expected ShareFile acquisition impact, there's a distinctive opportunity to augment margins and enhance free cash flow on a larger scale. While certainty can never be assured and risks are inherent in such pursuits, looking at historical trends, the prospects appear favorable.
Progress Software showcased a robust third quarter, outperforming expectations with widespread demand for its range of products and notable profitability. The company has experienced minimal upheaval from the MOVEit security incident, and regulatory scrutiny has concluded without any charges. Progress Software's journey beyond the incident is expected to gradually eliminate any lingering market concerns. With regards to mergers and acquisitions, the company's leadership is confident about successfully integrating ShareFile and achieving a target operating margin exceeding 40%. The overall sentiment remains optimistic as the company consistently achieves solid revenue growth coupled with impressive 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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花旗分析师Tyler Radke维持$Progress Software (PRGS.US)$持有评级，并将目标价从54美元上调至65美元。
根据TipRanks数据显示，该分析师近一年总胜率为49.2%，总平均回报率为3.4%。
此外，综合报道，$Progress Software (PRGS.US)$近期主要分析师观点如下：
继Progress Software的业绩超过了第三季度的共识预期，并提高了第四季度隐含的估计（不包括预期的ShareFile收购影响）之后，出现了大规模增加利润率和增加自由现金流的难得机会。尽管确定性永远无法保证，而且这种追求固有风险，但从历史趋势来看，前景似乎乐观。
Progress Software第三季度表现强劲，表现超出预期，其产品系列需求广泛，盈利能力显著。该公司因MoveIT安全事件而经历的动荡微乎其微，监管审查已结束，没有提出任何指控。预计Progress Software在事件发生后的历程将逐步消除任何挥之不去的市场担忧。在并购方面，该公司的领导层有信心成功整合ShareFile并实现超过40％的目标营业利润率。由于公司持续实现稳健的收入增长和可观的盈利能力，整体情绪仍然乐观。
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