Oppenheimer Maintains a Buy on Progress Software Corporation (PRGS), Sets a $70 PT

Progress Software Corporation (NASDAQ:PRGS) is one of the best small cap low volatility stocks to invest in. Oppenheimer analyst Ittai Kidron maintained a Buy rating on Progress Software Corporation (NASDAQ:PRGS) on July 21, setting a price target of $70.00.

Progress Software (PRGS) Slashes 13% After Earnings Performance

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Progress Software Corporation (NASDAQ:PRGS) reported its fiscal Q2 2025 results on June 30, with revenue for the quarter rising to $237 million, experiencing a 36% year-over-year growth on an actual currency basis and 35% growth on a constant currency basis.

Annualized recurring revenue increased 46% year-over-year on a constant currency basis to  $838 million, while operating margin was 16%.

Progress Software Corporation (NASDAQ:PRGS) also reported diluted earnings per share of $0.39 in fiscal Q2 2025 compared to $0.37 in the same quarter last year, reflecting a growth of 5%.

Progress Software Corporation (NASDAQ:PRGS) provides products and solutions that develop and deploy mission-critical business applications, including Chef, Corticon, DataDirect, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, and more.

While we acknowledge the potential of PRGS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PRGS and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.