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PRGS
Volume: 1.51M
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Progress Software (PRGS) Stock Forecast & Price Target

Progress Software (PRGS) Analyst Ratings

Based on 9 analyst ratings
Buy
Strong Buy 33%
Buy 33%
Hold 33%
Sell 0%
Strong Sell 0%

Bulls say

Progress Software Corporation demonstrates a positive outlook due to consistent growth in user engagement and traffic, as evidenced by a 3% increase in traffic and an 8-month streak of traffic growth. The company's diverse product offerings, including prominent solutions like OpenEdge, coupled with the observed revenue outperformance driven by strong demand, further bolster its financial standing. Additionally, the potential for leveraging its leadership position in the application performance management market suggests significant opportunities for future growth and market share enhancement.

Bears say

Progress Software Corporation's near-term revenue prospects are concerning, as guidance suggests an organic revenue decline of approximately $12 million year-over-year due to timing issues with large multi-year contracts, notably with DataDirect. Furthermore, the company faces significant risks regarding its FY25 projections, which are anticipated to fall below consensus growth estimates, exacerbated by the negative impact of interest expenses and convertible dilution on earnings per share. These factors indicate a weaker outlook for the company's financial performance, with mixed results reported for F1Q25 that raise doubts about its ability to sustain previous growth trajectories.

Progress Software (PRGS) has been analyzed by 9 analysts, with a consensus rating of Buy. 33% of analysts recommend a Strong Buy, 33% recommend Buy, 33% 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 9 analysts, Progress Software (PRGS) has a Buy consensus rating as of Jul 12, 2025. 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 $65.89, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $65.89, 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: 1.51M

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