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PRGS
Volume: 727.15K

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 attractive because it combines durable software demand with disciplined execution, having delivered stable ARR of $868M, 2% growth in CC, and adjusted operating margins near 40% despite low organic growth. Its Progress Data Platform is increasingly relevant as customers prioritize data sovereignty, governance, and cost-effective AI outcomes, while OpenEdge and the broader portfolio support retention and cross-sell across application development, integration, and digital experience. The positive view is further reinforced by value-creating acquisitions such as ShareFile and Domo, plus strong free cash flow guidance of $277M and debt reduction, which together suggest resilient profitability and upside from integration.

Bears say

Progress Software is exposed to meaningful revenue concentration, with over 10% of revenue tied to OpenEdge and a heavy dependence on a few large partners, so any churn or platform migration could quickly pressure results even though no single customer or partner exceeded 10% of total revenues in its last three fiscal years. Its acquisition-led growth strategy also creates sensitivity to higher interest rates, because rising rates can impair deals that must clear ROIC above WACC and make it harder to expand inorganically. In addition, integration risk, key-man dependence, and a highly competitive M&A market could limit its ability to retain acquired revenue and lift margins to 40% within its target timeline of 12-months.

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 Oct 9, 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)

Volume: 727.15K

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