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PRGS
Volume: 45.01K
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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 continues to demonstrate strong financial performance, evidenced by a 100% Net Revenue Retention (NRR) rate, reflecting successful enhancements to its product offerings that are driving customer expansion. The company reported a sequential increase of $11 million in Annual Recurring Revenue (ARR), totaling $849 million, with notable year-over-year growth of 47% in constant currency and 3% on a pro forma basis. Strong demand for AI capabilities across its product suite, particularly ShareFile, contributes to continued business strength and positions Progress favorably in the evolving market landscape.

Bears say

The negative outlook on Progress Software's stock is primarily rooted in its low valuation compared to its peers, as the company currently trades at approximately 8 times its projected earnings per share for calendar year 2026. This valuation reflects a discounted position in relation to competitors that exhibit low organic growth, which raises concerns regarding its competitive position and growth potential. Furthermore, persistently low valuation multiples may indicate market skepticism about the company's ability to deliver revenue growth and innovation in the highly competitive software sector.

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 Nov 26, 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 $68, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $68, 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: 45.01K

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