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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 well-positioned in the rapidly growing market for AI-powered applications and digital experiences. The company has a strong product portfolio and its investments in AI technologies are driving growth and customer value. With a strong focus on collections and solid financials, including strong adjusted free cash flow and non-GAAP operating margins, PRGS is also well-positioned for future acquisitions and capital allocation. While there are some potential risks related to AI disruption and a shifting market towards cloud-based applications, the company's stable business and ability to manage multiple smaller acquisitions make it an attractive investment opportunity, trading at an attractive multiple and with potential for further upside through share repurchases and M&A.

Bears say

Progress Software is facing several fundamental challenges, including concentration risk with one of its products accounting for over 10% of revenue and sensitivity to interest rates, given its growth strategy through acquisitions. Additionally, there is a high level of integration risk with potential acquisitions and key man risk with its current management team. The company also operates in a highly competitive market and may face difficulties in securing attractive acquisitions as competition increases. Furthermore, the shift towards cloud-based application development may negatively impact Progress Software's position in the market.

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 Apr 28, 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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