Progress Software Corporation (PRGS)
NASDAQ: PRGS · Real-Time Price · USD
64.09
-0.59 (-0.91%)
Oct 31, 2024, 4:00 PM EDT - Market closed
Progress Software Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Progress Software stock have an average target of 67.67, with a low estimate of 55 and a high estimate of 80. The average target predicts an increase of 5.59% from the current stock price of 64.09.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PRGS stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 1 | 2 | 2 | 2 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 7 | 7 | 7 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Buy Maintains $70 → $80 | Buy | Maintains | $70 → $80 | +24.82% | Oct 22, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $64 → $70 | Strong Buy | Maintains | $64 → $70 | +9.22% | Sep 25, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $65 → $70 | Strong Buy | Maintains | $65 → $70 | +9.22% | Sep 25, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $66 → $70 | Buy | Maintains | $66 → $70 | +9.22% | Sep 25, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $65 | Strong Buy | Maintains | $65 | +1.42% | Sep 10, 2024 |
Financial Forecast
Revenue This Year
744.65M
from 694.44M
Increased by 7.23%
Revenue Next Year
764.28M
from 744.65M
Increased by 2.64%
EPS This Year
4.85
from 1.57
Increased by 208.99%
EPS Next Year
5.13
from 4.85
Increased by 5.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 766.8M | 802.7M | 787.5M | |||
| Avg | 744.7M | 764.3M | 765.0M | |||
| Low | 714.9M | 723.8M | 735.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 10.4% | 7.8% | 3.0% | |||
| Avg | 7.2% | 2.6% | 0.1% | |||
| Low | 2.9% | -2.8% | -3.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.03 | 5.49 | 5.71 |
| Avg | 4.85 | 5.13 | 5.45 |
| Low | 4.63 | 4.83 | 5.15 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 220.4% | 13.2% | 11.3% |
| Avg | 209.0% | 5.8% | 6.3% |
| Low | 194.7% | -0.4% | 0.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.