New Price Target for Progress Software Amid Sector Pressures [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
On April 1, Citi analyst Fatima Boolani lowered the firm's price target on Progress Software Corporation (NASDAQ:PRGS) to $46 from $60 while maintaining a Buy rating, reflecting a more conservative valuation framework amid broader software sector pressures. The adjustment suggests that while the company's fundamentals remain intact, external factors such as multiple compressions and macro uncertainty are influencing near-term expectations. On March 31, Wedbush also reduced its price target on Progress Software Corporation (NASDAQ:PRGS) to $45 from $65 while maintaining an Outperform rating, following the company's Q1 earnings release. Despite the lower target, the firm highlighted strong operational performance, including beats on both revenue and earnings, and an increase in the low end of fiscal 2026 guidance. Progress continues to execute on its long-term growth strategy, leveraging acquisitions and product expansion to drive recurring revenue and margin improvement. Progress
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News
- Progress Software (PRGS) was downgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "hold (c-)" to "sell (d+)".MarketBeat
- Progress Software Expands AI and Workforce Operations in India with New Bengaluru Innovation HubGlobeNewswire
- Wedbush Lowers its Price Target on Progress Software (PRGS) to $45 [Yahoo! Finance]Yahoo! Finance
- Progress Software (PRGS) was upgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "sell (d+)" to "hold (c-)".MarketBeat
- Progress Software (PRGS) had its price target lowered by Citigroup Inc. from $60.00 to $46.00. They now have a "buy" rating on the stock.MarketBeat
PRGS
Earnings
- 3/30/26 - Beat
PRGS
Sec Filings
- 4/6/26 - Form 144
- 4/3/26 - Form 4
- 4/3/26 - Form 4
- PRGS's page on the SEC website