Progress Software Stock Forecast

Stock Price Forecast

The 8 analysts with 12-month price forecasts for Progress Software stock have an average target of 72.13, with a low estimate of 63 and a high estimate of 83. The average target predicts an increase of 30.91% from the current stock price of 55.10.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$63	$72.13	$70	$83
Change	+14.34%	+30.91%	+27.04%	+50.64%

* Price targets were last updated on Jan 22, 2025.

Analyst Ratings

The average analyst rating for Progress Software stock from 8 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	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25
Strong Buy	2	2	2	2	3	3
Buy	3	3	3	3	3	3
Hold	1	1	1	1	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
John Difucci Guggenheim	Guggenheim	Strong Buy Reiterates $83	Strong Buy	Reiterates	$83	+50.64%	Jan 22, 2025
Lucky Schreiner DA Davidson	DA Davidson	Strong Buy Maintains $75	Strong Buy	Maintains	$75	+36.12%	Jan 21, 2025
Fatima Boolani Citigroup	Citigroup	Hold Maintains $65 → $68	Hold	Maintains	$65 → $68	+23.41%	Jan 17, 2025
John Difucci Guggenheim	Guggenheim	Strong Buy Reiterates $83	Strong Buy	Reiterates	$83	+50.64%	Jan 17, 2025
Brent Thill Jefferies	Jefferies	Hold Maintains $65 → $70	Hold	Maintains	$65 → $70	+27.04%	Jan 6, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

983.64M

from 753.41M

30.56%

from 753.41M

Revenue Next Year

1.02B

from 983.64M

3.29%

from 983.64M

EPS This Year

5.16

from 1.54

235.02%

from 1.54

EPS Next Year

5.96

from 5.16

15.45%

from 5.16

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Nov 30, 2020	Nov 30, 2021	Nov 30, 2022	Nov 30, 2023	Nov 30, 2024	Nov 30, 2025	Nov 30, 2026	Nov 30, 2027
Revenue	442.15M	531.31M	602.01M	694.44M	753.41M	983.64M	1.02B	1.02B
Revenue Growth	6.98%	20.17%	13.31%	15.35%	8.49%	30.56%	3.29%	0.59%
EPS	1.76	1.76	2.15	1.57	1.54	5.16	5.96	5.90
EPS Growth	203.45%	-	22.16%	-26.98%	-1.91%	235.02%	15.45%	-0.88%
Forward PE	-	-	-	-	-	10.68	9.25	9.33
No. Analysts	-	-	-	-	-	9	9	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
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
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.