Progress Software Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Progress Software Corporation PRGS will release earnings for its fourth quarter next week.

Analysts expect the Burlington, Massachusetts-based company to report quarterly earnings at $1.22 per share, up from $1.02 per share in the year-ago period. Progress Software projects to report quarterly revenue of $211.44 million, compared to $177.52 million a year earlier, according to data from Benzinga Pro.

On Sept. 24, Progress Software reported better-than-expected third-quarter financial results and raised its FY24 guidance.

Progress Software shares gained 0.9% to close at $65.26 on Friday .

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Oppenheimer analyst Ittai Kidron maintained an Outperform rating and raised the price target from $70 to $80 on Oct. 22, 2024. This analyst has an accuracy rate of 70%.
• Guggenheim analyst Raymond McDonough maintained a Buy rating and raised the price target from $64 to $70 on Sept. 25, 2024. This analyst has an accuracy rate of 73%.
• DA Davidson analyst Lucky Schreiner maintained a Buy rating and raised the price target from $65 to $70 on Sept. 25, 2024. This analyst has an accuracy rate of 64%.
• Wedbush analyst Daniel Ives reiterated an Outperform rating with a price target of $68 on Sept. 10, 2024. This analyst has an accuracy rate of 82%.
• Jefferies analyst Brent Thill maintained a Hold rating and cut the price target from $60 to $55 on June 26, 2024. This analyst has an accuracy rate of 78%.

Considering buying PRGS stock? Here’s what analysts think:

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