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Analysts Offer Insights on Technology Companies: AppFolio (APPF) and Progress Software (PRGS)

Tipranks - Tipranks - Fri Jan 16, 7:28AM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on AppFolio (APPF – Research Report) and Progress Software (PRGS – Research Report) with bullish sentiments.

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AppFolio (APPF)

D.A. Davidson analyst Clark Wright maintained a Buy rating on AppFolio today and set a price target of $325.00. The company’s shares closed last Wednesday at $212.95.

According to TipRanks.com, Wright is a 3-star analyst with an average return of 4.0% and a 48.8% success rate. Wright covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, LiveRamp Holdings, and PDF Solutions. ;'>

AppFolio has an analyst consensus of Strong Buy, with a price target consensus of $308.67.

See the top stocks recommended by analysts >>

Progress Software (PRGS)

D.A. Davidson analyst Lucky Schreiner maintained a Buy rating on Progress Software today. The company’s shares closed last Wednesday at $41.42.

According to TipRanks.com, Schreiner ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -16.3% and a 13.0% success rate. Schreiner covers the Technology sector, focusing on stocks such as Pegasystems, Monday.com, and BlackLine. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Progress Software with a $45.00 average price target.

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