Progress Software (NASDAQ:PRGS) is one of the 9 Small-Cap Software Infrastructure Stocks With the Biggest Upside Potential.
On January 22, the price target for Progress Software (NASDAQ:PRGS) was raised from $54 to $60 by Citi analyst Fatima Boolani. She maintained her buy rating on the stock, with upside potential of more than 71%.
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Boolani’s revision followed the company’s fourth-quarter earnings announcement, which reported impressive earnings and cash flows. She sees strong momentum for the company in the coming year.
On January 15, the price target for Progress Software (NASDAQ:PRGS) was lowered from $75 to $70 by DA Davidson analyst Lucky Schreiner, who maintained his Buy rating on the stock. After this downward revision, the forecast still shows an impressive upside of almost 100%.
Schreiner conducted a sell check on Progress Software (NASDAQ:PRGS) to assess the impact of ongoing fears regarding the potential disruption of AI. The audit shows that customers continue to view the company’s products as mission critical, with limited interest in alternatives. Despite the stock currently trading at historically low valuations, the analyst sees potential M&A opportunities as positive catalysts for the stock.
Progress Software (NASDAQ:PRGS) is a software company that offers products for developing and managing AI-enabled applications, digital experiences, and management tools. The product portfolio includes OpenEdge, Chef, Agentic RAG, MOVEit, Automate MFT and Sitefinity. It provides solutions for project management, software development, programming, training and other services.
While we recognize PRGS’s potential as an investment, we believe certain AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best AI stocks for short term.
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Disclosure: None. This article was originally published on Insider monkey.
