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PRGS
Volume: 423.08K

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's financial performance demonstrates strong metrics, highlighted by a net revenue retention (NRR) rate of 100%, indicating consistent customer engagement and expansion driven by product enhancements. The annual recurring revenue (ARR) increased by $11 million sequentially to $849 million, showcasing a substantial year-over-year growth of 47% in constant currency and 3% on a pro forma basis. The company continues to benefit from rising demand for AI capabilities, particularly with its ShareFile product, which significantly contributed to ARR growth and positively influenced NRR improvements across its portfolio.

Bears say

Progress Software Corporation is currently valued at approximately 8 times its estimated earnings per share for calendar year 2026, indicating a significant discount compared to peers with low organic growth. The repetition of this valuation metric suggests that despite being perceived as attractively priced, there may be underlying concerns regarding the company's growth potential. Consequently, this low valuation relative to peers may reflect investor skepticism regarding Progress Software's ability to achieve robust organic growth in the future.

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 Dec 24, 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: 423.08K

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0 shares

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