From Financial Modeling Prep: 2025-06-27 11:00:00

Guggenheim upgrades NASDAQ:PRGS to a “Buy” with expected earnings increase. Quarterly revenue indicates market expansion. DA Davidson maintains Buy rating with positive future outlook.

Progress Software Corporation (NASDAQ:PRGS) offers innovative solutions for business applications, competing with Microsoft and Oracle. Guggenheim’s “Buy” recommendation at $63.75 precedes Q2 earnings release. Expected $1.30 EPS shows strong financial performance.

Anticipated quarterly revenue for Progress Software is $237 million, up from $175 million last year. Growth reflects market expansion and customer value delivery. Q1 results exceeded expectations, highlighting a robust business model.

PRGS shares rose 0.3% to $63.75, with DA Davidson adjusting price target to $70. Analyst Lucky Schreiner maintains Buy rating for positive future outlook. Stock volatility noted, with high of $64.56 and low of $63.45.

PRGS market cap at $2.74 billion, trading volume of 408,650 shares. Stock price range: high $70.56, low $50.68 in the past year. Remains a significant player in the software industry.



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