Guggenheim analyst John Difucci maintains $Progress Software (PRGS.US)$ with a buy rating, and adjusts the target price from $64 to $70.
According to TipRanks data, the analyst has a success rate of 66.8% and a total average return of 21.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Progress Software (PRGS.US)$'s main analysts recently are as follows:
Progress Software has surpassed Q3 consensus expectations and provided a higher implied Q4 estimate, disregarding potential impacts from the expected ShareFile acquisition. There is a distinct opportunity to enhance margins and elevate free cash flow on a larger scale. While it's acknowledged that success is not guaranteed and risk is inherent in these ventures, a look at historical performance suggests promising potential for the company.
Progress Software has reported a robust third quarter, surpassing estimates with solid demand across its range of products and notable profitability. The company has experienced minimal impact from the MOVEit breach and has also been exonerated by the SEC from any wrongdoing. As the company moves beyond the breach with scant disruption, it is anticipated that any negative impact on its stock will fade. In terms of mergers and acquisitions, the company's leadership is confident in their capacity to assimilate ShareFile effectively and to elevate operating margins to 40% or higher. There is a continued positive outlook on the company's trajectory, with leadership demonstrating an ability to consistently achieve top-line growth and maintain strong profitability.
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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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Guggenheim分析师John Difucci维持$Progress Software (PRGS.US)$买入评级，并将目标价从64美元上调至70美元。
根据TipRanks数据显示，该分析师近一年总胜率为66.8%，总平均回报率为21.5%。
此外，综合报道，$Progress Software (PRGS.US)$近期主要分析师观点如下：
progress software已超出Q3的共识预期，并提供了更高的Q4预估值，忽略了预期的ShareFile收购可能带来的影响。在更大范围内，存在显著的机会来提升边际和提高自由现金流。尽管成功并非百分之百保证，风险固有于这些冒险中，但对历史表现的审视表明该公司具有可观的潜力。
progress software报告了强劲的第三季度，各种产品需求强劲，盈利显著，超出了预期。公司受到MOVEit违规事件的影响较小，并且已被SEC免除任何不当行为的指责。随着公司在几乎没有中断的情况下超越违规事件，预计其股价的负面影响将会消失。在并购方面，公司领导层对自己有效吸收ShareFile并将经营边际提升至40%或更高的能力充满信心。对公司的发展轨迹持续看涨，领导层展示了不断实现营收增长和保持强劲盈利能力的能力。
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