Progress Software (PRGS) Remains Resilient Against AI-Linked Threats

Core Viewpoint - Progress Software (NASDAQ:PRGS) is identified as one of the small-cap software infrastructure stocks with significant upside potential, with analysts maintaining positive ratings despite some price target adjustments [1][4]. Analyst Ratings and Price Targets - Citi analyst Fatima Boolani raised the price target for Progress Software from $54 to $60, maintaining a Buy rating, indicating over 71% upside potential [1][3]. - DA Davidson analyst Lucky Schreiner reduced the price target from $75 to $70 but still maintains a Buy rating, suggesting an impressive upside of almost 100% [4]. Company Performance and Market Position - The company reported strong earnings and cash flows in its fourth-quarter announcement, which contributed to the positive outlook from analysts [3]. - A sales check conducted by Schreiner revealed that customers view Progress Software's products as mission-critical, showing limited interest in alternatives despite concerns about AI disruption [5]. Product Portfolio and Services - Progress Software offers a range of products for developing and managing AI-enabled applications, including OpenEdge, Chef, Agentic RAG, MOVEit, Automate MFT, and Sitefinity, catering to project management, software development, and training needs [6]. Market Sentiment and Future Outlook - Despite trading at historically low valuation multiples, analysts see potential M&A opportunities as positive catalysts for the stock [5].