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PRGS
Volume: 358.18K

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 Corp reported a total revenue of $252.7 million for the quarter, reflecting an 18% year-over-year increase, which aligns closely with both company guidance and analyst estimates, indicating strong business performance. Key metrics also showcased stability and growth potential, with a Net Revenue Retention (NRR) rate of 100% and an Annual Recurring Revenue (ARR) increase of $11 million to $849 million, demonstrating robust customer engagement and a healthy trajectory in subscriptions. The company's continued focus on integrating AI capabilities across its product portfolio is expected to catalyze future growth, as customer demand for these innovations drives increased use and enhances operational efficiencies.

Bears say

Progress Software Corp faces significant challenges that contribute to a negative outlook on its stock. The company has experienced an 11% year-over-year decline in Software License revenues, falling short of estimates, coupled with risks stemming from potential revenue losses related to its flagship OpenEdge product. Additionally, Progress Software is struggling to compete in a rapidly evolving cloud-based application development market, lacking the resources and market footprint of larger Platform-as-a-Service (PaaS) vendors, which could lead to further financial instability.

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 Mar 25, 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 $64.60, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $64.60, 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: 358.18K

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