
Progress Software (PRGS) Stock Forecast & Price Target
Progress Software (PRGS) Analyst Ratings
Bulls say
Progress Software is expected to benefit from its recent acquisition of Domo, which will enhance the value of its Progress Data Platform. The company's strong financial results, with revenue and earnings beating expectations, reflect its successful execution against financial targets and investments in AI technology. Despite some risks, such as the availability of M&A targets and potential volatility in margins, the company's stable margin profile and high profitability make it an attractive value play.
Bears say
Progress Software is focused on product innovation, disciplined M&A, and customer retention to drive growth, with CEO Yogesh Gupta citing a comfortable acquisition size similar to ShareFile and historical targets of 10%-25% of revenuescale from previous acquisitions. While some software valuations have been adjusted to align with realistic expectations, Progress continues to offer a diverse range of infrastructure software tools, highlighting potential for stable free cash flows and potential for further business expansion through M&A.
This aggregate rating is based on analysts' research of Progress Software and is not a guaranteed prediction by Public.com or investment advice.
Progress Software (PRGS) Analyst Forecast & Price Prediction
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