7/102 sources · 2 publishersUpdated Oct 8, 19:54 UTC
DA Davidson reiterates Buy rating on Progress Software with $55 price target
DA Davidson kept its Buy rating on Progress Software and set a $55.00 price target. The firm highlighted the company's Q3 fiscal 2026 earnings of $1.69 per share and revenue of $246.0 million, which met guidance. Non‑GAAP operating margins were reported at 43%, and the analyst noted the strategic contribution of the DOMO acquisition. The rating implies roughly a 50.4% upside from the current share price.
Why it matters
DA Davidson expects the $55 target to represent about a 50.4% upside, suggesting potential price appreciation for investors. The strong profitability metrics may support continued investor confidence in the stock.
Key facts
- 1DA Davidson reiterated a Buy rating on Progress Software. investing.com
- 2The analyst set a price target of $55.00. investing.com
- 3Progress Software reported earnings of $1.69 per share for Q3 fiscal 2026. investing.com
- 4Quarterly revenue was $246.0 million, slightly below the forecast of $246.7 million. investing.com
- 5Non‑GAAP operating margins were 43% in the quarter. investing.com
- 6The rating implies a 50.4% upside to the current share price. tradingview.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.