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PRGS

Progress Software (PRGS) Stock Forecast & Price Target

Progress Software (PRGS) Analyst Ratings

Based on 6 analyst ratings
Buy
Strong Buy 50%
Buy 33%
Hold 17%
Sell 0%
Strong Sell 0%

Bulls say

Progress Software is on track to achieve its TotalGrowth Strategy, focusing on product innovation, disciplined M&A, and customer satisfaction to drive net retention, all of which can lead to increased shareholder returns. The company's recent financial performance, including a solid 2QFY26, steady operating execution, and increased share buybacks, demonstrate its ability to generate stable free cash flows and achieve its goals. With a diverse product portfolio, stable margin profile, and strong profitability, Progress is well-positioned to capitalize on M&A opportunities and sustain its current execution, making it an attractive stock for investors.

Bears say

Progress Software is heavily reliant on the United States for its revenue and offers various solutions for application development, data connectivity, and digital experience management. While the company delivered a solid quarter with strong demand and growth in SaaS revenue, there are concerns around its high net leverage and reliance on acquisitions for growth. The recent purchase of capped calls raises further questions about the company's financial health and future prospects. Additionally, with sellers in the M&A market starting to lower their expectations, it may become increasingly challenging for Progress Software to make profitable acquisitions in the future.

Progress Software (PRGS) has been analyzed by 6 analysts, with a consensus rating of Buy. 50% of analysts recommend a Strong Buy, 33% recommend Buy, 17% 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 6 analysts, Progress Software (PRGS) has a Buy consensus rating as of Aug 8, 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 $50.50, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $50.50, 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)


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