Progress Software Corporation (PRGS)
NASDAQ: PRGS · Real-Time Price · USD
46.70
+1.99 (4.45%)
At close: Aug 22, 2025, 4:00 PM
46.82
+0.12 (0.26%)
After-hours: Aug 22, 2025, 4:05 PM EDT
Progress Software Stock Forecast
Stock Price Forecast
The 7 analysts that cover Progress Software stock have a consensus rating of "Buy" and an average price target of $72.86, which forecasts a 56.02% increase in the stock price over the next year. The lowest target is $57 and the highest is $83.
Price Target: $72.86 (+56.02%)
Analyst Consensus: Buy
* Price targets were last updated on Jul 15, 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 | Mar '25 | Apr '25 | May '25 | Jun '25 | Jul '25 | Aug '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 3 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 7 | 7 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $64 → $57 | Hold | Maintains | $64 → $57 | +22.06% | Jul 15, 2025 |
| DA Davidson | DA Davidson | Strong Buy Maintains $70 → $75 | Strong Buy | Maintains | $70 → $75 | +60.60% | Jul 1, 2025 |
| Wedbush | Wedbush | Buy Reiterates $75 | Buy | Reiterates | $75 | +60.60% | Jul 1, 2025 |
| DA Davidson | DA Davidson | Strong Buy Maintains $75 → $70 | Strong Buy | Maintains | $75 → $70 | +49.89% | Apr 14, 2025 |
| Guggenheim | Guggenheim | Strong Buy Reiterates $83 | Strong Buy | Reiterates | $83 | +77.73% | Apr 1, 2025 |
Financial Forecast
Revenue This Year
986.58M
from 753.41M
Increased by 30.95%
Revenue Next Year
1.00B
from 986.58M
Increased by 1.77%
EPS This Year
5.46
from 1.54
Increased by 254.50%
EPS Next Year
5.81
from 5.46
Increased by 6.37%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1.0B | 1.0B | 1.1B | ||
| Avg | 986.6M | 1.0B | 1.0B | ||
| Low | 944.8M | 957.5M | 980.8M |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 35.3% | 5.4% | 4.7% | ||
| Avg | 30.9% | 1.8% | 1.7% | ||
| Low | 25.4% | -3.0% | -2.3% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 5.65 | 6.04 | 6.44 |
| Avg | 5.46 | 5.81 | 6.08 |
| Low | 5.23 | 5.54 | 5.68 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 266.9% | 10.6% | 10.8% |
| Avg | 254.5% | 6.4% | 4.7% |
| Low | 239.8% | 1.4% | -2.3% |
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.