PRGS Similar Chart Price Prediction
The price of PRGS is predicted to go up -10.28%, based on the high correlation periods with CRTO. The similarity of these two price pattern on the periods is 98.75%.
PRGS
CRTO
Down: -10.28%Similarity: 98.75%
PRGS Revenue Forecast
PRGS EPS Forecast
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PRGS Analyst's Forecast
Brent Thill
Jefferies
Hold
2025-01-06
Price Target
$65 → $70
Upside
+7.68%
Jefferies analyst Brent Thill raised the firm's price target on Progress Software to $70 from $65 and keeps a Hold rating on the shares. A combination of second half weighted share performance in 2024 and a seasonally challenging Q1 leads the firm to believe a more cautious, selective approach to software going into 2025 is justified, the analyst tells investors. However, the firm adds that it expects the space to accelerate in the second half of 2025 on potentially more contributions from AI and as "positive revisions on conservative guidance come through."
Raymond McDonough
Guggenheim
Strong Buy
2024-09-25
Price Target
$64 → $70
Upside
+9.51%
Ittai Kidron
Oppenheimer
Buy
2024-09-25
Price Target
$66 → $70
Upside
+9.51%
