Guggenheim initiated coverage on Progress Software with a new price target
$PRGS
Computer Software: Prepackaged Software
Technology
Guggenheim initiated coverage of Progress Software with a rating of Buy and set a new price target of $56.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/13/2025 | $57.00 | Neutral → Buy | Citigroup |
| 3/28/2024 | $65.00 | Buy | DA Davidson |
| 1/24/2023 | $60.00 | Buy | Guggenheim |
| 9/9/2022 | $52.00 | Hold | Jefferies |
| 8/12/2022 | $60.00 | Buy | Guggenheim |
| 10/22/2021 | $60.00 | Overweight | JP Morgan |
| 8/6/2021 | $48.00 | Neutral | Citigroup |
| 7/15/2021 | $54.00 | Outperform | Oppenheimer |
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
Domo to remain a publicly-listed corporation, under a new name and ticker, preserving more than $900 million of net operating loss carryforwards and certain retained assets Progress Software Corporation to acquire and operate Domo’s AI and data platform Domo’s Board of Directors unanimously approves transaction following a thorough strategic alternatives review process Domo, Inc. (NASDAQ:DOMO) ("Domo" or the "Company") today announced that its Board of Directors has unanimously approved a definitive agreement under which Progress Software Corporation (NASDAQ:PRGS) ("Progress") will acquire substantially all of the assets and employees, excluding the Company’s net operating loss ("NOL"
Acquisition further strengthens the capabilities of Progress data platform offerings to provide organizations the context and control to securely turn fragmented enterprise knowledge into governed, AI-ready intelligence—improving accuracy, speed and cost. BURLINGTON, Mass., July 22, 2026 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), an AI infrastructure software leader, today announced that it entered into an agreement to acquire substantially all of the assets and assume certain liabilities of Domo, including its AI and data products platform. The acquisition aligns with Progress’ strategy to deliver the context and control for AI so customers can achieve their business goals wit
State of Legal 2026 report shows how AI, automation and streamlined processes can reduce delays and strengthen client confidence BURLINGTON, Mass., July 08, 2026 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the release of its State of Legal 2026 benchmarking report. Based on a nationwide survey of U.S.-based lawyers conducted by Regina Corso Consulting, the report reveals that while AI adoption is now widespread across the legal industry, many firms are still working to translate that momentum into fully efficient, modernized workflows. The full report is available here. Despite rap
Citigroup upgraded Progress Software from Neutral to Buy and set a new price target of $57.00
DA Davidson initiated coverage of Progress Software with a rating of Buy and set a new price target of $65.00
Guggenheim resumed coverage of Progress Software with a rating of Buy and set a new price target of $60.00
8-K - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
S-8 - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
10-Q - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
Acquisition further strengthens the capabilities of Progress data platform offerings to provide organizations the context and control to securely turn fragmented enterprise knowledge into governed, AI-ready intelligence—improving accuracy, speed and cost. BURLINGTON, Mass., July 22, 2026 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), an AI infrastructure software leader, today announced that it entered into an agreement to acquire substantially all of the assets and assume certain liabilities of Domo, including its AI and data products platform. The acquisition aligns with Progress’ strategy to deliver the context and control for AI so customers can achieve their business goals wit
BURLINGTON, Mass., June 30, 2026 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), a member of the Russell 2000 Index and a trusted provider of AI-powered digital experience and infrastructure software, today announced its financial results for the fiscal second quarter ended May 31, 2026. The company’s earnings release and a supplemental slide presentation can be accessed via the Investor Events & Presentations link on the Progress Investor Relations webpage. Progress will host a conference call today at 5:00 p.m. Eastern Time to discuss its results and outlook. Conference Call Details A live webcast of the call will be available at this link.To access the conference call by phone,
BURLINGTON, Mass., June 16, 2026 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), a small-cap growth and value Russell 2000 stock, today announced that it will release financial results for its fiscal second quarter of 2026 after the market close on Tuesday, June 30, 2026. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. The company's second quarter of fiscal year 2026 ended on May 31, 2026. Conference Call DetailsA live webcast of the call will be available using this link. To access the conference call by phone, please use this link to retrieve dial-in details. To avoid delays, we encourage participants to dial into the conference
SC 13G/A - PROGRESS SOFTWARE CORP /MA (0000876167) (Subject)
SC 13G/A - PROGRESS SOFTWARE CORP /MA (0000876167) (Subject)
SC 13G - PROGRESS SOFTWARE CORP /MA (0000876167) (Subject)
New Agentic RAG capabilities transform enterprise knowledge into verified, dynamically generated digital experiences—delivering instant, hyper-personalized journeys no other CMS can match BURLINGTON, Mass., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Progress Software, the trusted provider of AI-powered digital experience and infrastructure software, today announced early access for Progress® Agentic RAG for Sitefinity®—a breakthrough enterprise-grade capability that combines retrieval-augmented generation (RAG) with real-time content assembly inside the Sitefinity platform. This innovation introduces native, multilingual, agentic RAG-based AI technology to deliver dynamically generated user experi
Company adds easy-to-use agentic RAG-as-a-service product for organizations to automate and retrieve verifiable, high-quality AI search and generative answers BURLINGTON, Mass., June 30, 2025 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the acquisition of Nuclia, an innovator in agentic Retrieval-Augmented Generation (RAG) AI solutions. Nuclia provides a unique agentic RAG-as-a-service product enabling organizations to automatically leverage their own proprietary business information to retrieve verifiable, accurate answers using GenAI. "Nuclia's easy-to-use, self-service SaaS produ
Senior engineering leader to oversee Company's AI strategy and continued rapid development of AI-powered solutions across the global Progress product portfolio BURLINGTON, Mass., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the appointment of Ed Keisling as the Company's Chief AI Officer (CAIO). In this newly created role, Keisling will be responsible for leading the AI strategy for Progress and for further transforming the Company's product portfolio to support customers with their AI journeys. He will report directly to Progress CEO Yogesh Gupta. "Ed is a transformational tec