Citi analyst Fatima Boolani raised the firm’s price target on Progress Software to $57 from $54 and keeps a Neutral rating on the shares following the fiscal Q1 results. The company is showing strong cross-portfolio adoption, the analyst tells investors in a research note.
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Read More on PRGS:
- Progress Software price target raised to $63 from $53 at Oppenheimer
- Progress Software sees Q2 EPS 88c-92c, consensus 99c
- Progress Software backs FY23 EPS view $4.09-$4.17, consensus $4.14
- Progress Software reports Q1 EPS $1.19, consensus $1.05
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