Progress Software price target lowered to $45 from $50 at Jefferies

6 days ago 8

TipRanks

Tue, January 6, 2026 astatine 7:57 AM CST 1 min read

Jefferies lowered the firm’s price target connected Progress Software (PRGS) to $45 from $50 and keeps a Hold standing connected the shares. The steadfast believes 2026 volition beryllium “another twelvemonth of gradual AI monetization,” but thinks much meaningful maturation publication and acceleration are needed to easiness AI disintermediation fears, requiring much selectivity, the expert tells investors successful an outlook enactment connected the bundle group. “While we stay assured that worth volition yet accrue to the bundle layer, investors whitethorn request to enactment patient” with assemblage valuation backmost astatine humanities average, the expert added.

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