Progress Software Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Group 1 - Progress Software Corporation is set to release its second-quarter earnings results on June 30, with analysts expecting earnings of $1.30 per share, an increase from $1.09 per share in the same period last year [1] - The company is projected to report quarterly revenue of $237.23 million, compared to $175.08 million a year earlier [1] - In the first quarter, Progress Software reported better-than-expected financial results, leading to a 0.3% increase in share price, closing at $63.75 [2] Group 2 - DA Davidson analyst maintained a Buy rating but reduced the price target from $75 to $70 [4] - Guggenheim analyst reiterated a Buy rating with a price target of $83 [4] - Wedbush analyst maintained an Outperform rating with a price target of $75 [4] - Citigroup analyst maintained a Neutral rating and increased the price target from $65 to $68 [4] - Jefferies analyst maintained a Hold rating and raised the price target from $65 to $70 [4]