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PRGS
Volume: 354.62K

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 Corporation exhibits a strong financial outlook driven by a robust Net Revenue Retention (NRR) rate of 100%, indicating stable customer retention and expansion due to recent product enhancements. The company's Annual Recurring Revenue (ARR) reached $849 million, reflecting a sequential increase of $11 million and a year-over-year growth of 47% in constant currency, alongside a 3% growth on a pro forma basis. Additionally, the continued adoption of AI capabilities across its products, particularly ShareFile, is empowering Progress to respond effectively to market demand while reducing IT complexity for its customers.

Bears say

Progress Software Corporation's stock exhibits an attractive valuation, trading at approximately 8 times the estimated earnings per share for calendar year 2026, which is notably lower than its low organic growth peers. However, despite this seemingly appealing valuation, the company's reliance on a single operating segment and a diverse product portfolio may not be sufficient to drive significant revenue growth in the highly competitive software market. Additionally, the negative outlook may stem from concerns about the sustainability of its revenue streams and the competitiveness of its product offerings in an evolving technology landscape.

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 Jan 11, 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 $67, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $67, 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: 354.62K

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