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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花旗分析師Tyler Radke維持$Progress Software (PRGS.US)$持有評級，並將目標價從54美元上調至65美元。
根據TipRanks數據顯示，該分析師近一年總勝率為49.2%，總平均回報率為3.4%。
此外，綜合報道，$Progress Software (PRGS.US)$近期主要分析師觀點如下：
繼Progress Software的業績超過了第三季度的共識預期，並提高了第四季度隱含的估計（不包括預期的ShareFile收購影響）之後，出現了大規模增加利潤率和增加自由現金流的難得機會。儘管確定性永遠無法保證，而且這種追求固有風險，但從歷史趨勢來看，前景似乎樂觀。
Progress Software第三季度表現強勁，表現超出預期，其產品系列需求廣泛，盈利能力顯著。該公司因MoveIT安全事件而經歷的動盪微乎其微，監管審查已結束，沒有提出任何指控。預計Progress Software在事件發生後的歷程將逐步消除任何揮之不去的市場擔憂。在併購方面，該公司的領導層有信心成功整合ShareFile並實現超過40％的目標營業利潤率。由於公司持續實現穩健的收入增長和可觀的盈利能力，整體情緒仍然樂觀。
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