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PRGS
Volume: 1.79M

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 Corp reported total revenue of $252.7 million for the latest period, reflecting an 18% year-over-year increase, which aligns closely with both the company's guidance and market expectations, driven largely by strong performance in its OpenEdge and ShareFile products. The company anticipates an annual recurring revenue (ARR) of $852.0 million, representing a 1% year-over-year growth, supported by a diverse product portfolio and strategic investments in AI technology that aim to enhance customer retention and drive future growth. With a commitment to maintaining a significant investment in research and development at approximately 17% of revenue and a forecast for total revenue between $986.0 million and $1.00 billion, Progress Software demonstrates a robust approach to capitalizing on market opportunities and stabilizing demand across its offerings.

Bears say

The analysis indicates significant downside risks for Progress Software due to potential declines in core revenue from its flagship OpenEdge product, compounded by negative operating leverage and a lack of viable acquisition targets. In the most recent reporting periods, revenue from Software Licenses decreased by 11% year-over-year to $65.2 million, falling below both expectations and the prior quarter, highlighting competitive challenges and customer churn. Furthermore, while the company projects a slight improvement in non-GAAP operating margin to 39% for FY26, uncertainties in market conditions and shifts toward larger cloud vendors raise concerns about Progress Software's ability to maintain its market position and drive sustainable growth.

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 2, 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 $49.20, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $49.20, 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: 1.79M

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