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.
Note:
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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分析師John Difucci維持$Progress Software (PRGS.US)$買入評級，並將目標價從64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66.8%，總平均回報率為21.5%。
此外，綜合報道，$Progress Software (PRGS.US)$近期主要分析師觀點如下：
Progress Software超出了第三季度的共識預期，並提供了更高的第四季度隱含估計，這忽略了預期的ShareFile收購的潛在影響。在更大範圍內提高利潤率和增加自由現金流是一個難得的機會。儘管衆所周知，成功無法保證，風險是這些企業固有的，但從歷史表現來看，該公司潛力巨大。
Progress Software公佈了強勁的第三季度業績，超出了預期，其產品系列需求強勁，盈利能力顯著。該公司因MoveIT違規行爲而受到的影響微乎其微，美國證券交易委員會還免除了任何不當行爲。隨着該公司在幾乎不受干擾的情況下超越漏洞，預計對其股票的任何負面影響都將消失。在兼併和收購方面，該公司的領導層對他們有效吸收ShareFile並將營業利潤率提高到40％或更高的能力充滿信心。公司的發展前景持續樂觀，領導層表現出持續實現收入增長和保持強勁盈利能力的能力。
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