
Progress Software (PRGS) Stock Forecast & Price Target
Progress Software (PRGS) Analyst Ratings
Bulls say
Progress Software Corporation demonstrates a robust financial position, evidenced by a net revenue retention (NRR) rate sustained at 100%, which indicates effective customer expansion due to significant product enhancements. The company reported a sequential addition of $11 million to its annual recurring revenue (ARR), totaling $849 million, reflecting a strong year-over-year growth rate of 47% in constant currency and 3% on a pro forma basis. This growth trajectory is further supported by favorable demand dynamics as clients increasingly seek to adopt AI capabilities and simplify their IT environments, contributing to the overall strength of Progress's business performance.
Bears say
Progress Software Corporation is currently experiencing a decline in its organic growth potential, as indicated by its valuation metrics, specifically trading at approximately 8 times its projected earnings per share for the calendar year 2026. This valuation, although attractive compared to some peers, suggests persistent challenges in revenue generation and market competitiveness. Additionally, the company's reliance on a limited range of software products and geographic markets may hinder its ability to capitalize on emerging opportunities in the rapidly evolving technology landscape.
This aggregate rating is based on analysts' research of Progress Software and is not a guaranteed prediction by Public.com or investment advice.
Progress Software (PRGS) Analyst Forecast & Price Prediction
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