Benzinga
24 Jun 2026, 10:35 UTC · 1h ago
Top Wall Street Forecasters Revamp Progress Software Expectations Ahead Of Q2 Earnings
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Benzinga
24 Jun 2026, 10:35 UTC · 1h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
3 claims · each scored for market impact
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.
+0.10Which stocks this story touches
Continue reading
6 related stories
Search tags
The company reported better-than-expected Q1 earnings, shares rose 4.3%, and analysts maintain Buy or Outperform ratings despite price target cuts.
Free · No account
Get a free daily PDF briefing — the last 24 hours of news, with summaries and the market-impact score for each story, delivered an hour before the open.
We’ll watch
Pre-filled from this story — remove any you don’t want. Add more tickers & tags or fine-tune your watchlist anytime — every email has an edit link, no account needed.
Free forever · one email a day, max · unsubscribe in one click.How it works
How the impact breaks down
Where the story's weight lands
No cluster impact found for this article yet.
Benzinga
58m ago
