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PRGS
Volume: 22
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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 reported a robust performance with a net revenue retention (NRR) rate consistently at 100%, indicating strong customer loyalty and expansion following significant product enhancements. The company achieved an increase in annual recurring revenue (ARR) of $11 million sequentially, totaling $849 million, which reflects a remarkable year-over-year growth of 47% in constant currency and 3% on a pro forma basis. Additionally, demand for AI capabilities across its product suite, particularly within ShareFile, has contributed positively to ARR growth and overall business strength, positioning Progress Software favorably within the market.

Bears say

Progress Software Corporation's stock trades at approximately 8 times its projected earnings per share for the calendar year 2026, a valuation that is perceived as a discount compared to its low organic growth peers. This suggests that despite a seemingly attractive valuation, underlying growth metrics are concerning, indicating potential stagnation in revenue generation. The company's reliance on a diverse portfolio of software products may not be sufficient to offset the challenges indicated by low organic growth, raising red flags for long-term performance.

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 Dec 5, 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: 22

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