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Progress Software Corporation (NDAQ:PRGS) stock price target increased to $42.00, issued a research note today by Benchmark

Yesterday Progress Software Corporation (NDAQ:PRGS) traded 5.73% higher at $36.28. The company’s 50-day moving average is $32.59 and its 200-day moving average is $30.40. The last stock close price is up 19.68% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 615,003 shares of the stock were exchanged, up from an average trading volume of 349,980

In a report released on 09/13/2017 Benchmark increased the stock price target of Progress Software Corporation (NDAQ:PRGS) from $34.00 to $42.00 indicating a possible upside of 0.16%.

Previously on 3/31/2017, Wedbush reported about Progress Software Corporation (NDAQ:PRGS) raised the target price from $24.00 to $27.00. At the time, this indicated a possible downside of -0.08%.

See Chart Below

Progress Software Corporation (NDAQ:PRGS)

Progress Software Corporation has a 52 week low of $25.55 and a 52 week high of $36.54 The company’s market cap is currently $0.

A total of 3 brokerages have issued a ratings update on Progress Software Corporation. One brokerage rating the company a strong buy, one brokerage rating the company a buy, two brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $28.00.

General Company Details For Progress Software Corporation (NDAQ:PRGS)

Progress Software Corporation is engaged in application development. The Company operates through three segments: OpenEdge, Data Connectivity and Integration (DCI), and Application Development and Deployment (AppDev). The OpenEdge business segment provides the product enhancements and marketing support to its partner base. It is also focused on providing partners and direct end users with a path to develop and integrate cloud-based applications. Its solutions include Progress OpenEdge and Progress Corticon. The DCI segment is focused on its data assets, including the data integration components of its cloud offerings. Its solutions include Progress DataDirect Connect and Progress DataDirect Cloud. The AppDev business segment is focused on generating customers for its application development assets. Its solutions include Dev Tools, NativeScript, Dev Cloud, Telerik Platform, Test Studio, Sitefinity and Progress Rollbase. Its offerings span Web, mobile and data.

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