DA Davidson analyst Lucky Schreiner keeps a Buy rating and $75 price target on Progress Software (PRGS) after its Q3 earnings beat. The company continues to execute well reporting another quarter of strength in the business benefiting from tailwinds to demand as customers adopt new AI capabilities and look to reduce IT complexity, and the firm continues to believe Progress can deliver strong inorganic growth while maintaining low organic growth and best-in class margins, the analyst tells investors in a research note.
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Read More on PRGS:
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