DA Davidson raised the firm’s price target on Progress Software (PRGS) to $75 from $70 and keeps a Buy rating on the shares. The company reported another quarter of consistent strength in the business while at the same time announced its acquisition of Nuclia, a RAG as a service provider which will provide complimentary capabilities to the entire Progress platform, the analyst tells investors in a research note. Progress Software’s integration of ShareFile also continues to track ahead of schedule, the firm added.
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