Oppenheimer analyst Ittai Kidron maintains $Progress Software (PRGS.US)$ with a buy rating, and adjusts the target price from $66 to $70.
According to TipRanks data, the analyst has a success rate of 52.7% and a total average return of 12.5% 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's recent performance surpassed Q3 consensus forecasts and prompted an upward revision of Q4 estimates, disregarding the expected impact from the forthcoming ShareFile acquisition. The significant opportunity lies in amplifying the margin and consequently enhancing free cash flow on a larger scale. While acknowledging that certainty is never assured and risks are inherent in such ventures, a review of historical outcomes suggests a favorable view of the company's prospects.
Progress Software has been acknowledged for delivering a robust third quarter, surpassing estimates due to widespread demand for its diverse product offerings and notable profitability. Impressively, the company has experienced minimal impact from the MOVEit breach, further reinforced by a recent exoneration from any misconduct by the SEC. As the company progresses beyond the breach with minimal fallout, it is anticipated that the stock's temporary burden will diminish. In terms of mergers and acquisitions, the company's leadership has conveyed optimism regarding the integration of ShareFile and the prospect of elevating operating margins to surpass 40%. The overall sentiment remains optimistic, with the belief that management has consistently demonstrated an ability to achieve sustained top-line growth while maintaining robust 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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奧本海默控股分析師Ittai Kidron維持$Progress Software (PRGS.US)$買入評級，並將目標價從66美元上調至70美元。
根據TipRanks數據顯示，該分析師近一年總勝率為52.7%，總平均回報率為12.5%。
此外，綜合報道，$Progress Software (PRGS.US)$近期主要分析師觀點如下：
Progress Software最近的業績超過了第三季度的共識預期，並促使上調了第四季度的預期，這無視即將進行的ShareFile收購的預期影響。重要的機會在於擴大利潤率，從而更大規模地增加自由現金流。儘管承認確定性永遠無法保證，而且風險是此類企業所固有的，但對歷史結果的回顧表明，對公司的前景持積極看法。
Progress Software因其多元化產品供應的廣泛需求和顯著的盈利能力而獲得認可，其第三季度表現強勁，超出了預期。令人印象深刻的是，該公司受到MoveIT違規行爲的影響微乎其微，美國證券交易委員會最近免除了任何不當行爲，進一步證實了這一點。隨着公司在違規後取得進展，影響微乎其微，預計該股的臨時負擔將減輕。在併購方面，該公司的領導層對ShareFile的整合以及將營業利潤率提高到40％以上的前景表示樂觀。整體情緒仍然樂觀，他們相信管理層一直表現出在保持強勁盈利能力的同時實現持續收入增長的能力。
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