Benzinga
24 Jun 2026, 10:35 UTC · 2h ago
Top Wall Street Forecasters Revamp Progress Software Expectations Ahead Of Q2 Earnings
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Benzinga
24 Jun 2026, 10:35 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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Several prominent analysts from Citigroup, Jefferies, Wedbush, and Oppenheimer have significantly lowered their price targets for Progress Software (PRGS) since late March. — Substantial downward revisions of price targets by multiple firms suggest a decrease in the perceived fair value of the company.
-0.60Progress Software is scheduled to report Q2 earnings after the market closes on Tuesday, June 30. — Earnings dates are primary volatility catalysts, though the direction depends on the actual result relative to expectations.
+0.20Wall Street analysts expect Q2 earnings of $1.49 per share and revenue of $242.74 million, representing growth over the prior year. — Positive consensus estimates provide a baseline for growth, though the market may have already priced this in.
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The company reported better-than-expected Q1 earnings, shares rose 4.3%, and analysts maintain Buy or Outperform ratings despite price target cuts.
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