Progress Software Corporation (PRGS)
NASDAQ: PRGS · Real-Time Price · USD
27.42
-1.33 (-4.63%)
At close: Apr 9, 2026, 4:00 PM EDT
27.50
+0.08 (0.29%)
Pre-market: Apr 10, 2026, 9:15 AM EDT
Progress Software Stock Forecast
Stock Price Forecast
The 6 analysts that cover Progress Software stock have a consensus rating of "Buy" and an average price target of $49.5, which forecasts a 80.53% increase in the stock price over the next year. The lowest target is $34 and the highest is $65.
Price Target: $49.5 (+80.53%)
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Progress Software stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 2 |
| Buy | 2 | 2 | 1 | 1 | 3 | 3 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 5 | 5 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $60 → $46 | Strong Buy | Maintains | $60 → $46 | +67.76% | Apr 1, 2026 |
| Jefferies | Jefferies | Hold Maintains $45 → $34 | Hold | Maintains | $45 → $34 | +24.00% | Mar 31, 2026 |
| Wedbush | Wedbush | Buy Maintains $65 → $45 | Buy | Maintains | $65 → $45 | +64.11% | Mar 31, 2026 |
| Oppenheimer | Oppenheimer | Buy Maintains $70 → $57 | Buy | Maintains | $70 → $57 | +107.88% | Mar 31, 2026 |
| DA Davidson | DA Davidson | Strong Buy Maintains $70 → $50 | Strong Buy | Maintains | $70 → $50 | +82.35% | Mar 25, 2026 |
Financial Forecast
Revenue This Year
1.01B
from 977.83M
Increased by 3.70%
Revenue Next Year
1.03B
from 1.01B
Increased by 1.08%
EPS This Year
6.10
from 1.66
Increased by 267.54%
EPS Next Year
6.18
from 6.10
Increased by 1.31%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 1.0B | 1.1B | |||
| Avg | 1.0B | 1.0B | |||
| Low | 970.7M | 970.7M |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| High | 7.2% | 5.1% | |||
| Avg | 3.7% | 1.1% | |||
| Low | -0.7% | -4.3% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 6.32 | 6.41 | |
| Avg | 6.10 | 6.18 | |
| Low | 5.83 | 5.87 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 280.9% | 5.1% | |
| Avg | 267.5% | 1.3% | |
| Low | 251.1% | -3.7% |
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.