
Progress Software (PRGS) Stock Forecast & Price Target
Progress Software (PRGS) Analyst Ratings
Bulls say
Progress Software is in a strong position to continue driving growth through its product portfolio that offers solutions for application development, data connectivity, DevOps automation, managed file transfer, network security, and digital experience. The company's strong financials, including a high ARR and non-GAAP operating margin, along with its focus on leveraging AI to improve efficiencies and drive down costs, contribute to a positive outlook for the stock's future performance. Additionally, PRGS's stable business, healthy investments in R&D and M&A pipeline further support this positive outlook. However, potential challenges such as declines in core revenue from its flagship product, negative operating leverage, or difficulties in finding suitable acquisition targets could pose risks to the achievement of our price target and rating.
Bears say
Progress Software is well-positioned in the highly profitable and growing digital experience and AI markets. However, the company's conservative guidance for FY26 and the overall challenging SaaS landscape could hinder its growth potential. Additionally, while the company reported strong revenue and earnings growth for FY25, its ARR growth was relatively flat and net retention rate was only at 100%, indicating challenges in retaining and expanding its customer base. Overall, the company's focus on integrating AI into its products and cost discipline are positive factors, but the risk and uncertainty surrounding its growth in the face of market headwinds warrant a negative outlook.
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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