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PRGS

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 is expected to see a positive impact from its recent asset purchase of Domo, with favorable deal economics and cost synergies expected. The company's data platform is gaining momentum, and it is well-positioned to capture the growing demand for AI-powered solutions as well as the rising interest in open source models. Its total growth strategy, which focuses on product innovation, disciplined M&A, and customer retention, is expected to drive further value for shareholders. We maintain a buy rating on the stock with a price target of $55, based on its strong execution, solid financials, and potential for share repurchases and further M&A.

Bears say

Progress Software is facing challenges with its inconsistent Software License revenue, which can be volatile due to the financial profile of previous acquisitions. Additionally, its F2Q maintenance, SaaS, and professional services revenue were below consensus, indicating potential challenges in these areas. Although the company's acquisition of Domo is viewed favorably, there is still uncertainty surrounding its overall strategic positioning and future performance. These factors, combined with declining revenue and challenges in key areas, lead to a negative outlook on the stock.

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 Sep 28, 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 $52.17, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $52.17, 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)


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