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PRGS
Volume: 41.12K

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 has demonstrated noteworthy financial performance with a net revenue retention (NRR) rate of 100%, indicating strong customer loyalty and expansions driven by significant product enhancements. The annual recurring revenue (ARR) has increased by $11 million sequentially, reaching $849 million and reflecting a robust year-over-year growth of 47% in constant currency, signaling solid demand across its product offerings. Furthermore, the company's ability to capitalize on AI capabilities, particularly within its ShareFile product, has contributed positively to ARR growth and overall business strength, enhancing its favorable market position.

Bears say

Progress Software Corporation's stock presents an attractive valuation at around 8x the expected earnings per share for the fiscal year 2026, indicating a discount compared to its low organic growth peers. However, the repeated emphasis on valuation alone suggests concerns regarding the company's growth prospects and competitive positioning within its operating segment of AI-powered application software. This lack of robust organic growth may raise red flags for potential investors, indicating underlying challenges that could hinder the company's ability to capitalize on market opportunities.

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 Jan 12, 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 $67, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $67, 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: 41.12K

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