Progress Software Corporation (PRGS)
NASDAQ: PRGS · Real-Time Price · USD
42.24
-0.44 (-1.03%)
Nov 4, 2025, 12:21 PM EST - Market open
Progress Software Stock Forecast
Stock Price Forecast
The 5 analysts that cover Progress Software stock have a consensus rating of "Strong Buy" and an average price target of $68, which forecasts a 60.98% increase in the stock price over the next year. The lowest target is $50 and the highest is $83.
Price Target: $68 (+60.98%)
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Progress Software stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 2 | 3 |
| Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Hold | 2 | 2 | 2 | 2 | 2 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 6 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold → Strong Buy Upgrades $57 | Hold → Strong Buy | Upgrades | $57 | +34.94% | Oct 13, 2025 |
| DA Davidson | DA Davidson | Strong Buy Maintains $75 | Strong Buy | Maintains | $75 | +77.56% | Sep 30, 2025 |
| Jefferies | Jefferies | Hold Maintains $60 → $50 | Hold | Maintains | $60 → $50 | +18.37% | Sep 30, 2025 |
| Citigroup | Citigroup | Hold Maintains $64 → $57 | Hold | Maintains | $64 → $57 | +34.94% | Jul 15, 2025 |
| DA Davidson | DA Davidson | Strong Buy Maintains $70 → $75 | Strong Buy | Maintains | $70 → $75 | +77.56% | Jul 1, 2025 |
Financial Forecast
Revenue This Year
997.66M
from 753.41M
Increased by 32.42%
Revenue Next Year
1.01B
from 997.66M
Increased by 1.44%
EPS This Year
5.64
from 1.54
Increased by 266.11%
EPS Next Year
5.79
from 5.64
Increased by 2.76%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 1.0B | 1.1B | ||||
| Avg | 997.7M | 1.0B | ||||
| Low | 956.6M | 965.2M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|
| High | 36.6% | 5.8% | ||||
| Avg | 32.4% | 1.4% | ||||
| Low | 27.0% | -3.3% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 5.83 | 6.17 | |
| Avg | 5.64 | 5.79 | |
| Low | 5.39 | 5.45 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 278.4% | 9.5% | |
| Avg | 266.1% | 2.8% | |
| Low | 250.1% | -3.3% |
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.