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PRGS
Volume: 647.71K

Progress Software (PRGS) Stock Forecast & Price Target

Progress Software (PRGS) Analyst Ratings

Based on 5 analyst ratings
Buy
Strong Buy 60%
Buy 20%
Hold 20%
Sell 0%
Strong Sell 0%

Bulls say

Progress Software Corp reported total revenue of $252.7 million, reflecting an 18% year-over-year growth, which aligns with market expectations, showcasing strong demand for its higher-priced product offerings, particularly in OpenEdge and ShareFile. The company achieved a net revenue retention rate of 100%, indicating effective customer expansions driven by significant product enhancements, while its annual recurring revenue (ARR) rose by $11 million sequentially to $849 million, representing a robust growth rate of 47% year-over-year. Moreover, Progress anticipates steady ARR growth at 2% year-over-year on a pro forma basis for FY26, supported by ongoing demand for AI product integrations that are expected to yield additional growth opportunities.

Bears say

Progress Software Corp faces a challenging outlook due to potential declines in core revenue, particularly from its flagship OpenEdge product, which could significantly impact overall financial performance if customer churn occurs. The company's recent software license revenue reports a year-over-year decline of 11%, falling short of market expectations, highlighting competitive pressures and recent difficulties in securing new deals. Furthermore, Progress Software's lack of a substantial footprint in the rapidly growing Platform as a Service (PaaS) market places it at a disadvantage against larger competitors, exacerbating risks associated with its growth trajectory.

Progress Software (PRGS) has been analyzed by 5 analysts, with a consensus rating of Buy. 60% of analysts recommend a Strong Buy, 20% recommend Buy, 20% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Progress Software and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Progress Software (PRGS) Forecast

Analysts have given Progress Software (PRGS) a Buy based on their latest research and market trends.

According to 5 analysts, Progress Software (PRGS) has a Buy consensus rating as of Feb 19, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $64.60, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $64.60, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Progress Software (PRGS)

Volume: 647.71K

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