Citi Trims Progress Software (PRGS) PT to $54, Maintains Buy Rating [Yahoo! Finance]
Progress Software Corporation (PRGS)
Last progress software corporation earnings: 3/26 04:15 pm
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US:NASDAQ Investor Relations:
investors.progress.com
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Source: Yahoo! Finance
infrastructure software outlook, Citi reduced its price target for Progress Software from $57 to $54 while maintaining a Buy rating. This adjustment came as the firm anticipates that the sector's strong 2025 momentum will persist throughout the upcoming year. Earlier on January 5, Jefferies lowered its price target for Progress Software from $50 to $45 while maintaining a Hold rating. This decision was made as the firm cited a cautious outlook for 2026. Jefferies anticipates the year will be characterized by gradual AI monetization and emphasized that significant growth acceleration is necessary to alleviate concerns regarding AI disintermediation. As sector valuations align with historical averages, Jefferies advised investor patience and a more selective approach. However, the firm remains confident that long-term value will eventually accrue within the software layer. Progress Software Corporation (NASDAQ:PRGS) provides software products that develop, deploy, and manage AI po
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PRGS
News
- Progress Software (NASDAQ:PRGS) had its "buy" rating reaffirmed by analysts at DA Davidson. They now have a $70.00 price target on the stock.MarketBeat
- Progress Software Corporation (PRGS): A Bear Case Theory [Yahoo! Finance]Yahoo! Finance
- Progress Software (NASDAQ:PRGS) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "sell (d+)" rating to a "hold (c-)" rating.MarketBeat
- Progress Software (NASDAQ:PRGS) had its price target lowered by analysts at Wedbush from $75.00 to $65.00. They now have an "outperform" rating on the stock.MarketBeat
- Progress Software (NASDAQ:PRGS) had its "buy" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
PRGS
Earnings
- 1/20/26 - Beat
PRGS
Sec Filings
- 2/4/26 - Form 144
- 2/3/26 - Form 4
- 2/3/26 - Form 4
- PRGS's page on the SEC website