Progress Software Corporation (PRGS)
NASDAQ: PRGS · Real-Time Price · USD
61.84
+0.77 (1.26%)
May 27, 2025, 3:36 PM - Market open
Progress Software Stock Forecast
Stock Price Forecast
According to 7 professional analysts, the 12-month price target for Progress Software stock ranges from a low of $68 to a high of $83. The average analyst price target of $73.71 forecasts a 19.19% increase in the stock price over the next year.
Price Target: $73.71 (+19.19%)
Analyst Consensus: Buy
* Price targets were last updated on Apr 14, 2025.
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 | Dec '24 | Jan '25 | Feb '25 | Mar '25 | Apr '25 | May '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Buy | 3 | 3 | 3 | 3 | 2 | 2 |
| Hold | 1 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 8 | 8 | 8 | 7 | 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 | +13.20% | Apr 14, 2025 |
| Guggenheim | Guggenheim | Strong Buy Reiterates $83 | Strong Buy | Reiterates | $83 | +34.22% | Apr 1, 2025 |
| Wedbush | Wedbush | Buy Reiterates $75 | Buy | Reiterates | $75 | +21.28% | Apr 1, 2025 |
| Guggenheim | Guggenheim | Strong Buy Reiterates $83 | Strong Buy | Reiterates | $83 | +34.22% | Jan 22, 2025 |
| DA Davidson | DA Davidson | Strong Buy Maintains $75 | Strong Buy | Maintains | $75 | +21.28% | 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 2.43%
EPS This Year
5.40
from 1.54
Increased by 250.80%
EPS Next Year
5.87
from 5.40
Increased by 8.57%
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% | 8.3% | 4.3% | ||
| Avg | 30.6% | 2.4% | 1.1% | ||
| Low | 25.4% | -3.2% | -3.1% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 5.60 | 6.31 | 6.79 |
| Avg | 5.40 | 5.87 | 6.25 |
| Low | 5.16 | 5.49 | 5.68 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 263.4% | 16.8% | 15.8% |
| Avg | 250.8% | 8.6% | 6.6% |
| Low | 235.2% | 1.6% | -3.2% |
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.