Progress Software Corporation (PRGS)
NASDAQ: PRGS · Real-Time Price · USD
59.00
+0.64 (1.10%)
Apr 24, 2025, 4:00 PM EDT - Market closed
Progress Software Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Progress Software stock have an average target of 73.71, with a low estimate of 68 and a high estimate of 83. The average target predicts an increase of 24.93% from the current stock price of 59.00.
Analyst Consensus: Buy
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 | Nov '24 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 3 | 3 | 3 |
| Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Hold | 1 | 1 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 8 | 8 | 8 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| DA Davidson | DA Davidson | Strong Buy Maintains $75 → $70 | Strong Buy | Maintains | $75 → $70 | +18.64% | Apr 14, 2025 |
| Guggenheim | Guggenheim | Strong Buy Reiterates $83 | Strong Buy | Reiterates | $83 | +40.68% | Apr 1, 2025 |
| Wedbush | Wedbush | Buy Reiterates $75 | Buy | Reiterates | $75 | +27.12% | Apr 1, 2025 |
| Guggenheim | Guggenheim | Strong Buy Reiterates $83 | Strong Buy | Reiterates | $83 | +40.68% | Jan 22, 2025 |
| DA Davidson | DA Davidson | Strong Buy Maintains $75 | Strong Buy | Maintains | $75 | +27.12% | Jan 21, 2025 |
Financial Forecast
Revenue This Year
984.11M
from 753.41M
Increased by 30.62%
Revenue Next Year
1.01B
from 984.11M
Increased by 2.94%
EPS This Year
5.40
from 1.54
Increased by 250.80%
EPS Next Year
5.96
from 5.40
Increased by 10.27%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1.0B | 1.1B | 1.1B | ||
| Avg | 984.1M | 1.0B | 1.0B | ||
| Low | 944.6M | 952.2M | 977.1M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 34.9% | 8.8% | 3.8% | ||
| Avg | 30.6% | 2.9% | 0.6% | ||
| Low | 25.4% | -3.2% | -3.5% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 5.60 | 6.34 | 6.79 |
| Avg | 5.40 | 5.96 | 6.25 |
| Low | 5.16 | 5.49 | 5.68 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 263.4% | 17.4% | 14.0% |
| Avg | 250.8% | 10.3% | 5.0% |
| Low | 235.2% | 1.6% | -4.7% |
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.