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PRGS
Volume: 438.72K
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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 Corporation reported a robust performance with a net recurring revenue (NRR) rate holding steady at 100%, attributed to significant enhancements in its products that have driven customer expansions. The company's annual recurring revenue (ARR) increased by $11 million sequentially, reaching $849 million and demonstrating a year-over-year growth of 47% in constant currency and 3% on a pro forma basis. Furthermore, the firm experienced strong demand as customers increasingly adopted AI capabilities across its product lineup, particularly benefiting from the enhancements within ShareFile, which contributed markedly to ARR growth.

Bears say

The analysis indicates that Progress Software Corporation is trading at approximately 8 times the projected earnings per share for calendar year 2026, suggesting it is undervalued compared to its low organic growth peers. However, the repeated emphasis on this low valuation relative to peers may point to underlying concerns about Progress Software’s growth potential and market competitiveness. Overall, the focus on attractive valuation metrics without concomitant evidence of robust organic growth raises red flags regarding the company's long-term financial health and market positioning.

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 Oct 14, 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 $70, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $70, 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: 438.72K

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