Implied IJT Analyst Target Price: $146
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 21 2024
0mins
Should l Buy PRGS?
Source: NASDAQ.COM
Analyst Target Price Comparison:
- ETF holdings compared to analyst target prices.
- Implied analyst target price for iShares S&P Small-Cap 600 Growth ETF is $146.13 per unit.
Upside Potential:
- Analysts see 15.22% upside for the IJT ETF.
- Notable upside for underlying holdings like RUSHA, VVI, and PRGS.
- Average analyst target prices for these holdings show significant potential gains.
Stock Performance Comparison:
- Recent prices and average analyst target prices for RUSHA, VVI, and PRGS.
- Significant percentage differences between recent prices and analyst targets.
Analysts' Justification:
- Questions raised about analysts' justification for targets.
- Discussion on whether targets are optimistic or reflective of future prospects.
- Need for further investor research to understand the rationale behind these targets.
Disclaimer:
- Views expressed in the article are those of the author and not necessarily Nasdaq, Inc.'s views.
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Analyst Views on PRGS
Wall Street analysts forecast PRGS stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 35.660
Low
45.00
Averages
45.00
High
45.00
Current: 35.660
Low
45.00
Averages
45.00
High
45.00
About PRGS
Progress Software Corporation is a provider of artificial intelligence (AI)-powered digital experience and infrastructure software. The Company provides software products that enable its customers to develop, deploy and manage responsible AI-powered applications and digital experiences. It also offers retrieval-augmented generation (RAG) -as-a-service products, enabling organizations to automatically leverage their own proprietary business information to retrieve verifiable, accurate answers using GenAI. Its products include Sitefinity, Corticon, MOVEit, ShareFile, Podio, Kendo UI, Telerik, Kemp LoadMaster, Flowmon, WhatsUp Gold, Chef Infrastructure Management, Chef Desktop, Chef App Delivery, MarkLogic, Semaphore, OpenEdge, DataDirect Connectors, Hybrid Data Pipeline, OpenAccess, and MOVEit Cloud. Corticon is a decision automation platform that transforms user experiences by streamlining and automating complex business rules without having to code.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cash Flow Growth: Operating cash flow skyrocketed 220% to $62.8 million, reflecting the company's success in financial management and operational efficiency, which is expected to provide strong support for future investments and expansions.
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