Needham analyst Scott Berg has maintained their neutral stance on PRO stock, giving a Hold rating today.
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Scott Berg has given his Hold rating due to a combination of factors surrounding PROS Holdings. The company’s recent third-quarter financial results have been released, but there was no forward guidance provided, primarily because of the upcoming acquisition by Thoma Bravo. This lack of guidance creates uncertainty about the company’s future performance, making it challenging to adjust future estimates accurately.
Additionally, the limited disclosures available have led to a cautious approach in updating the fourth-quarter estimates. These uncertainties and the absence of detailed forward-looking information contribute to the decision to maintain a Hold rating, reflecting a wait-and-see approach until more clarity is available regarding the company’s post-acquisition trajectory.
According to TipRanks, Berg is an analyst with an average return of -3.9% and a 39.52% success rate. Berg covers the Technology sector, focusing on stocks such as PROS Holdings, Workday, and Monday.com.