J.P. Morgan analyst Pinjalim Bora maintains $Progress Software (PRGS.US)$ with a buy rating, and adjusts the target price from $63 to $65.
According to TipRanks data, the analyst has a success rate of 56.2% and a total average return of 10.3% 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 results have surpassed Q3 consensus expectations, leading to an improved outlook for Q4 estimates, excluding the anticipated impact from the ShareFile acquisition. There's a notable opportunity to enhance margins and increase free cash flow on a larger scale. While acknowledging that success is not guaranteed and risks are inherent in the process, a review of historical performance suggests promising potential.
Progress Software has reported a strong third quarter, surpassing estimates due to widespread demand for its products and notable profitability. Importantly, the company has experienced minimal impact from the MOVEit security incident, and has been exonerated from any misconduct by the SEC. As the company progresses beyond this incident with little effect, it is anticipated that the concerns affecting the stock will fade. In terms of mergers and acquisitions, the company's leadership has conveyed a strong belief in their capacity to assimilate ShareFile and to enhance operating margins significantly. The overall sentiment towards the company is favorable, with the belief that the management is capable of maintaining solid revenue growth and high profitability.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
摩根大通分析師Pinjalim Bora維持$Progress Software (PRGS.US)$買入評級，並將目標價從63美元上調至65美元。
根據TipRanks數據顯示，該分析師近一年總勝率為56.2%，總平均回報率為10.3%。
此外，綜合報道，$Progress Software (PRGS.US)$近期主要分析師觀點如下：
progress software最近的業績已超過第三季度的共識預期，從而改善了第四季度的預測，排除了來自ShareFile收購的預期影響。在更大範圍內有顯著機會提高利潤率並增加自由現金流。儘管承認成功並非保證，而且過程中存在風險，但歷史業績回顧表明潛力巨大。
progress software報告了強勁的第三季度，超過了預期，這是由於其產品的廣泛需求和顯著的盈利能力。重要的是，公司受到了MOVEit安全事件的最小影響，並且已經被美國證券交易委員會洗脫了任何不當行爲的指責。隨着公司超越這一事件的影響微乎其微，預計影響股票的擔憂將會減弱。在併購方面，公司的領導層表達了對他們有能力吸收ShareFile並大幅提高運營利潤率的強烈信念。對公司整體的情緒是積極的，相信管理層有能力保持強勁的營業收入增長和高盈利能力。
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