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PRGS
Volume: 49.9K
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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 demonstrates a robust financial performance, highlighted by a net revenue retention (NRR) rate consistently remaining at 100%, indicating strong customer engagement and retention. The company’s annual recurring revenue (ARR) saw a sequential increase of $11 million, reaching $849 million, with a remarkable year-over-year growth of 47% in constant currency, reflecting healthy demand for its products. Furthermore, the positive momentum is further supported by the successful adoption of AI-driven enhancements, particularly in the ShareFile product, contributing significantly to both ARR growth and improved NRR.

Bears say

Progress Software Corporation is currently trading at approximately 8 times its estimated earnings per share for the calendar year 2026, which is considered a valuation discount relative to its low organic growth peers. This low valuation suggests potential concerns regarding the company's growth trajectory and market competitiveness in the software sector, which may hinder investor confidence. Overall, the combination of low valuation relative to peers and questions surrounding organic growth prospects contributes to a negative outlook on Progress Software's stock.

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 Oct 30, 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: 49.9K

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