
Progress Software (PRGS) Stock Forecast & Price Target
Progress Software (PRGS) Analyst Ratings
Bulls say
Progress Software is well-positioned in the market with its Total Growth Strategy, which includes product innovation, disciplined M&A, and focus on customers for net retention. The company also has a strong financial position with steady operating execution, strong cash flow generation, and share repurchases, making it an attractive investment opportunity. Additionally, Progress Software's diverse product portfolio and market reach positions it for continued growth and success.
Bears say
Progress Software is projected to see slowing Y/Y growth rates in the coming years, with a current P/E ratio of 5.5x CY2026 EPS, indicating the potential for further downside in the stock. While the company has raised its revenue and EPS guidance for FY26, its ARR and NRR growth rates remain stable or have improved only slightly, suggesting limited potential for significant upside in the near term. Additionally, the company's reliance on the US market for a majority of its revenue presents a risk in terms of geographic diversification.
This aggregate rating is based on analysts' research of Progress Software and is not a guaranteed prediction by Public.com or investment advice.
Progress Software (PRGS) Analyst Forecast & Price Prediction
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