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PRGS
Volume: 898.19K

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 Corp reported total revenue of $252.7 million, reflecting an 18% year-over-year increase, aligning closely with market expectations, and highlighted notable performance in its OpenEdge and ShareFile products as it continues to expand its high-priced product offerings. The company maintained a Net Revenue Retention (NRR) rate of 100%, indicating strong customer satisfaction and retention, while its Annual Recurring Revenue (ARR) rose by $11 million sequentially to $849 million, representing a substantial 47% year-over-year growth in constant currency. Furthermore, the strategic integration of AI capabilities across its product suite is expected to further enhance stability and drive additional growth, positioning Progress Software favorably for future demand in a competitive landscape.

Bears say

Progress Software Corp faces significant challenges that contribute to a negative outlook on its stock. The company reported a decline in Software Licenses revenue by 11% year-over-year, falling short of market expectations, which signals potential issues with its flagship OpenEdge product amidst evolving application development trends shifting towards cloud solutions. Further concerns include negative operating leverage, limited acquisition opportunities, and the inability to effectively compete with larger platform-as-a-service vendors, which may hinder long-term growth prospects.

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 Feb 7, 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 $64.60, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $64.60, 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: 898.19K

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