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PRGS

Progress Software (PRGS) Stock Forecast & Price Target

Progress Software (PRGS) Analyst Ratings

Based on 5 analyst ratings
Buy
Strong Buy 40%
Buy 40%
Hold 20%
Sell 0%
Strong Sell 0%

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.

Progress Software (PRGS) has been analyzed by 5 analysts, with a consensus rating of Buy. 40% of analysts recommend a Strong Buy, 40% 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 May 13, 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 $46.40, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $46.40, 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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