D.A. Davidson analyst Lucky Schreiner maintains $Progress Software (PRGS.US)$ with a buy rating, and adjusts the target price from $65 to $70.
According to TipRanks data, the analyst has a success rate of 0.0% and a total average return of 0.0% 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 expectations and led to a raised forecast for Q4, not accounting for the expected impact from the upcoming ShareFile acquisition. There exists a 'unique opportunity' to enhance margins and subsequently, free cash flow on a larger scale. While acknowledging that certainty is never guaranteed and risks are inherent in such efforts, a look at historical performance suggests that there's promising potential.
Progress Software's recent Q3 results surpassed expectations, supported by widespread demand for its diverse product offerings and robust profit margins. The company has experienced negligible effects from the MOVEit security incident and has been exonerated by the SEC. As the company progresses beyond the incident with minimal impact, it is anticipated that any residual concerns affecting the share price will abate. In regards to acquisitions, the company's leadership has conveyed a strong belief in their capacity to assimilate ShareFile and enhance operating margins to exceed 40%. The overall sentiment remains favorable, recognizing management's consistent track record in surpassing revenue targets while maintaining substantial 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.
戴维森信托分析师Lucky Schreiner维持$Progress Software (PRGS.US)$买入评级，并将目标价从65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0.0%，总平均回报率为0.0%。
此外，综合报道，$Progress Software (PRGS.US)$近期主要分析师观点如下：
Progress Software最近的业绩超出了第三季度的预期，导致对第四季度的预测上调，这还没有考虑到即将进行的ShareFile收购的预期影响。有一个 “难得的机会” 可以提高利润率，进而扩大自由现金流。尽管承认确定性永远无法保证，而且这些努力固有风险，但纵观历史表现表明潜力巨大。
Progress Software最近的第三季度业绩超出了预期，这得益于对其多样化产品的广泛需求和强劲的利润率。该公司在MoveIT安全事件中受到的影响微乎其微，美国证券交易委员会已免除罪责。随着公司在事件发生后取得进展，影响微乎其微，预计任何影响股价的剩余担忧都将减弱。在收购方面，该公司的领导层坚信他们有能力吸收ShareFile并将营业利润率提高到40％以上。整体情绪仍然乐观，这表明管理层在超越收入目标的同时保持了可观的盈利能力。
提示:
TipRanks为独立第三方，提供金融分析师的分析数据，并计算分析师推荐的平均回报率和胜率。提供的信息并非投资建议，仅供参考。本文不对评级数据和报告的完整性与准确性做出认可、声明或保证。
TipRanks提供每位分析师的星级，分析师星级代表分析师所有推荐的过往表现，通过分析师的总胜率和平均回报率综合计算得出，星星越多，则该分析师过往表现越优异，最高为5颗星。
分析师总胜率为近一年分析师的评级成功次数占总评级次数的比率。评级的成功与否，取决于TipRanks的虚拟投资组合是否从该股票中产生正回报。
总平均回报率为基于分析师的初始评级创建虚拟投资组合，并根据评级变化对组合进行调整，在近一年中该投资组合所获得的回报率。
