Progress Software Corp has a consensus price target of $60.92, established from looking at the 24 latest analyst ratings. The last 3 analyst ratings were released from DA Davidson, JP Morgan, and Oppenheimer on March 28, 2024, March 27, 2024, and March 27, 2024. With an average price target of $64.67 between DA Davidson, JP Morgan, and Oppenheimer, there's an implied 27.25% upside for Progress Software Corp from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
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The latest price target for Progress Software (NASDAQ: PRGS) was reported by DA Davidson on March 28, 2024. The analyst firm set a price target for $65.00 expecting PRGS to rise to within 12 months (a possible 27.90% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Progress Software (NASDAQ: PRGS) was provided by DA Davidson, and Progress Software initiated their buy rating.
There is no last upgrade for Progress Software.
There is no last downgrade for Progress Software.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Progress Software, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Progress Software was filed on March 28, 2024 so you should expect the next rating to be made available sometime around March 28, 2025.
While ratings are subjective and will change, the latest Progress Software (PRGS) rating was a initiated with a price target of $0.00 to $65.00. The current price Progress Software (PRGS) is trading at is $50.82, which is within the analyst’s predicted range.
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