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Reading: Oppenheimer maintains a Buy on Progress Software Corporation (PRGS), sets a PT of $ 70
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World of Software > News > Oppenheimer maintains a Buy on Progress Software Corporation (PRGS), sets a PT of $ 70
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Oppenheimer maintains a Buy on Progress Software Corporation (PRGS), sets a PT of $ 70

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Last updated: 2025/08/16 at 9:14 AM
News Room Published 16 August 2025
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Progress Software Corporation (Nasdaq: PRGS) is one of the Best small cap low volatility shares to invest in. Oppenheimer analyst Itai Kidron maintained a buy -rating on Progress Software Corporation (Nasdaq: PRGS) on July 21, with a price target of $ 70.00.

Progress Software (PRGS) switches off 13% after the profit performance

A software engineer who works for a computer, surrounded by code.

Progress Software Corporation (NASDAQ: PRGS) reported its tax Q2 2025 results on 30 June, with turnover for the quarter to rise to $ 237 million, with a growth of 36% on an annual basis on a actual currency base and 35% growth based on constant currency.

The recurring turnover of annual annual increased by 46% on an annual basis on a constant currency base to $ 838 million, while the company margin was 16%.

Progress Software Corporation (Nasdaq: PRGS) also reported diluted profit per share of $ 0.39 in tax Q2 2025 compared to $ 0.37 in the same quarter last year, which reflects a 5%growth.

Progress Software Corporation (NASDAQ: PRGS) offers products and solutions that develop and implement mission-critical business applications, including chef, corticon, DataAdirect, developer tools, Flowmon, Kemp Ladmaster, Marklogic, Moveit, Semaphore and more.

Although we recognize the potential of PRGs as an investment, we believe that certain AI shares offer greater upward potential and bring less downward risk. If you are looking for an extremely undervalued AI shares that also benefits considerably from rates from the Trump era and the Onshoring trend, see our free report on the Best AI shares in the short term.

Read next: 30 shares that have to double in 3 years And 11 Hidden AI shares to buy now.

Publication: none. This article was originally published on Insider monkey.

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