Progress Software Corporation (PRGS)
NASDAQ: PRGS · Real-Time Price · USD
63.52
+0.58 (0.92%)
At close: Jan 21, 2025, 4:00 PM
61.25
-2.27 (-3.57%)
After-hours: Jan 21, 2025, 7:59 PM EST
Progress Software Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Progress Software stock have an average target of 71.5, with a low estimate of 63 and a high estimate of 83. The average target predicts an increase of 12.56% from the current stock price of 63.52.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PRGS stock from 8 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 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 3 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 2 | 1 | 1 | 1 | 1 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 6 | 6 | 6 | 6 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $65 → $68 | Hold | Maintains | $65 → $68 | +7.05% | Jan 17, 2025 |
| Guggenheim | Guggenheim | Strong Buy Reiterates $83 | Strong Buy | Reiterates | $83 | +30.67% | Jan 17, 2025 |
| Jefferies | Jefferies | Hold Maintains $65 → $70 | Hold | Maintains | $65 → $70 | +10.20% | Jan 6, 2025 |
| Oppenheimer | Oppenheimer | Buy Maintains $70 → $80 | Buy | Maintains | $70 → $80 | +25.94% | Oct 22, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $64 → $70 | Strong Buy | Maintains | $64 → $70 | +10.20% | Sep 25, 2024 |
Financial Forecast
Revenue This Year
764.81M
from 694.44M
Increased by 10.13%
Revenue Next Year
937.57M
from 764.81M
Increased by 22.59%
EPS This Year
4.91
from 1.57
Increased by 212.94%
EPS Next Year
5.73
from 4.91
Increased by 16.66%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 788.1M | 1.0B | 1.0B |
| Avg | 764.8M | 937.6M | 938.1M |
| Low | 733.2M | 753.2M | 771.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.5% | 36.0% | 11.1% |
| Avg | 10.1% | 22.6% | 0.1% |
| Low | 5.6% | -1.5% | -17.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.08 | 6.54 | 7.20 |
| Avg | 4.91 | 5.73 | 6.09 |
| Low | 4.69 | 4.80 | 5.00 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 223.7% | 33.1% | 25.7% |
| Avg | 212.9% | 16.7% | 6.2% |
| Low | 199.0% | -2.3% | -12.8% |
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.