Progress Software Corporation (PRGS)
NASDAQ: PRGS · Real-Time Price · USD
50.98
-0.36 (-0.70%)
Mar 31, 2025, 1:21 PM EDT - Market open
Progress Software Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Progress Software stock have an average target of 73.43, with a low estimate of 68 and a high estimate of 83. The average target predicts an increase of 44.04% from the current stock price of 50.98.
Analyst Consensus: Buy
* Price targets were last updated on Jan 22, 2025.
Analyst Ratings
The average analyst rating for Progress Software stock from 7 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 | Oct '24 | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Hold | 1 | 1 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 8 | 8 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Guggenheim | Guggenheim | Strong Buy Reiterates $83 | Strong Buy | Reiterates | $83 | +62.81% | Jan 22, 2025 |
| DA Davidson | DA Davidson | Strong Buy Maintains $75 | Strong Buy | Maintains | $75 | +47.12% | Jan 21, 2025 |
| Citigroup | Citigroup | Hold Maintains $65 → $68 | Hold | Maintains | $65 → $68 | +33.39% | Jan 17, 2025 |
| Guggenheim | Guggenheim | Strong Buy Reiterates $83 | Strong Buy | Reiterates | $83 | +62.81% | Jan 17, 2025 |
| Jefferies | Jefferies | Hold Maintains $65 → $70 | Hold | Maintains | $65 → $70 | +37.31% | Jan 6, 2025 |
Financial Forecast
Revenue This Year
983.64M
from 753.41M
Increased by 30.56%
Revenue Next Year
1.02B
from 983.64M
Increased by 3.29%
EPS This Year
5.16
from 1.54
Increased by 235.02%
EPS Next Year
5.96
from 5.16
Increased by 15.45%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1.0B | 1.1B | 1.1B | ||
| Avg | 983.6M | 1.0B | 1.0B | ||
| Low | 943.7M | 951.6M | 981.9M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 34.6% | 9.2% | 3.5% | ||
| Avg | 30.6% | 3.3% | 0.6% | ||
| Low | 25.3% | -3.3% | -3.4% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 5.34 | 6.72 | 6.08 |
| Avg | 5.16 | 5.96 | 5.90 |
| Low | 4.90 | 5.15 | 5.67 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 247.0% | 30.3% | 2.0% |
| Avg | 235.0% | 15.4% | -0.9% |
| Low | 218.2% | -0.1% | -4.8% |
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.