Analyst Scott Berg of Needham maintained a Buy rating on PROS Holdings (PRO – Research Report), with a price target of $30.00.
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Scott Berg has given his Buy rating due to a combination of factors, including PROS Holdings’ strong performance in the fourth quarter. The company exceeded expectations across various metrics, thanks to its effective sales strategy and stable business-to-business trends.
Furthermore, the company achieved record subscription and overall gross margins, supported by positive developments within its Travel business. This improvement is expected to boost subscription revenue growth in the coming fiscal years, particularly in the second half. Additionally, PROS Holdings has shown enhanced profitability, with significant year-over-year increases in operating margins, reinforcing its financial health.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $31.00 price target.