
Progress Software (PRGS) Stock Forecast & Price Target
Progress Software (PRGS) Analyst Ratings
Bulls say
Progress Software is reporting strong financial results, raising their guidance for the upcoming year and maintaining their OUTPERFORM rating. The company is well-positioned to capitalize on their long-term total growth strategy and generate strong free cash flow. With a diverse product portfolio and a focus on AI and innovation, Progress Software is a leader in the industry and remains a stable and attractive investment opportunity.
Bears say
Progress Software is facing headwinds in its SaaS business and is providing conservative guidance for its fiscal year 2026, with expected revenue growth of 2% and a non-GAAP operating margin of 39.0%, slightly above analyst estimates. While the company's AI integrations may provide upside in the long term, it is still in the early stages of implementation and may not have a significant impact on revenue growth in the near future. Additionally, its annualized recurring revenue only saw a modest increase of 1% year over year, indicating potential challenges in driving strong demand across its product portfolio.
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
Start investing in Progress Software (PRGS)
Order type
Buy in
Order amount
Est. shares
0 shares