Wedbush Lowers its Price Target on Progress Software (PRGS) to $45 [Yahoo! Finance]
Progress Software Corporation (PRGS)
Last progress software corporation earnings: 3/26 04:15 pm
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investors.progress.com
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Source: Yahoo! Finance
target on Progress Software Corporation (NASDAQ:PRGS) to $45 from $65 to reflect multiple compressions, while maintaining an Outperform rating. The firm noted the company delivered Q1 results ahead of expectations and raised the low end of its FY26 guidance, pointing to continued execution on its long-term growth strategy. Similarly, Oppenheimer analyst Ittai Kidron lowered the price target on Progress Software Corporation (NASDAQ:PRGS) to $57 from $70 and maintained an Outperform rating, citing industry-wide multiple pressure. The firm said Q1 results were solid, with upside driven by expense discipline and stronger operating margins. Meanwhile, Jefferies analyst Brent Thill lowered the price target on Progress Software Corporation (NASDAQ:PRGS) to $34 from $45 and kept a Hold rating, describing the quarter as marked by “steady execution, strong margins, and disciplined capital allocation,” but noting that organic growth remains in the low-single-digit range with limited near-ter
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PRGS
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
- New Price Target for Progress Software Amid Sector Pressures [Yahoo! Finance]Yahoo! Finance
- Progress Software Expands AI and Workforce Operations in India with New Bengaluru Innovation HubGlobeNewswire
- 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