Progress Software Corporation (PRGS)
NASDAQ: PRGS · Real-Time Price · USD
69.25
+2.14 (3.18%)
Nov 21, 2024, 2:53 PM EST - Market open
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 a decrease of -2.28% from the current stock price of 69.25.
Analyst Consensus: Buy
* Price targets were last updated on Oct 22, 2024.
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 2 | 2 | 2 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Buy Maintains $70 → $80 | Buy | Maintains | $70 → $80 | +15.53% | Oct 22, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $64 → $70 | Strong Buy | Maintains | $64 → $70 | +1.09% | Sep 25, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $65 → $70 | Strong Buy | Maintains | $65 → $70 | +1.09% | Sep 25, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $66 → $70 | Buy | Maintains | $66 → $70 | +1.09% | Sep 25, 2024 |
| DA Davidson | DA Davidson | Strong Buy Maintains $65 | Strong Buy | Maintains | $65 | -6.13% | Sep 10, 2024 |
Financial Forecast
Revenue This Year
764.81M
from 694.44M
Increased by 10.13%
Revenue Next Year
937.57M
from 764.81M
Increased by 22.59%
EPS This Year
4.91
from 1.57
Increased by 212.94%
EPS Next Year
5.73
from 4.91
Increased by 16.66%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 788.1M | 1.0B | 1.0B | |||
| Avg | 764.8M | 937.6M | 938.1M | |||
| Low | 733.2M | 753.2M | 771.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 13.5% | 36.0% | 11.1% | |||
| Avg | 10.1% | 22.6% | 0.1% | |||
| Low | 5.6% | -1.5% | -17.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.08 | 6.54 | 7.20 |
| Avg | 4.91 | 5.73 | 6.09 |
| Low | 4.69 | 4.80 | 5.00 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 223.7% | 33.1% | 25.7% |
| Avg | 212.9% | 16.7% | 6.2% |
| Low | 199.0% | -2.3% | -12.8% |
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.