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 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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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