Bullish Case: PRGS has consistently outperformed expectations with solid revenue growth, particularly from AI-driven products. Recent interest in acquiring MariaDB could further its market position and innovation potential, indicating more upside.


Bearish Case: Rising competition, a critical security vulnerability, and ongoing balance sheet weaknesses pose significant risks. Recent decline in net income and skepticism about long-term growth could pressure stock prices downward.


Potential Outcomes:

1. Successful MariaDB acquisition boosts PRGS market share (40% probability).

2. Security issues cause substantial reputation damage (30% probability).

3. Underperformance due to competitive pressure (30% probability).


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April 19, 2024


Progress Software Forecast

PRGS        Progress Software
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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