Progress Software Corporation (PRGS)

Progress Software Stock Forecast

Stock Price Forecast

The 6 analysts that cover Progress Software stock have a consensus rating of "Strong Buy" and an average price target of $50.83, which forecasts a 72.31% increase in the stock price over the next year. The lowest target is $34 and the highest is $83.

Price Target: $50.83 (+72.31%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$34	$50.83	$45.5	$83
Change	+15.25%	+72.31%	+54.24%	+181.36%

* Price targets were last updated on Apr 1, 2026.

Analyst Ratings

The average analyst rating for Progress Software stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	3	3	3	3	3	2
Buy	2	1	1	3	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	5	5	7	7	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Fatima Boolani Citigroup	Citigroup	Strong Buy Maintains $60 → $46	Strong Buy	Maintains	$60 → $46	+55.93%	Apr 1, 2026
Brent Thill Jefferies	Jefferies	Hold Maintains $45 → $34	Hold	Maintains	$45 → $34	+15.25%	Mar 31, 2026
Dan Ives Wedbush	Wedbush	Buy Maintains $65 → $45	Buy	Maintains	$65 → $45	+52.54%	Mar 31, 2026
Ittai Kidron Oppenheimer	Oppenheimer	Buy Maintains $70 → $57	Buy	Maintains	$70 → $57	+93.22%	Mar 31, 2026
Lucky Schreiner DA Davidson	DA Davidson	Strong Buy Maintains $70 → $50	Strong Buy	Maintains	$70 → $50	+69.49%	Mar 25, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

1.01B

Increased by 3.70%

from 977.83M

Revenue Next Year

1.03B

Increased by 1.08%

from 1.01B

EPS This Year

6.10

Increased by 267.54%

from 1.66

EPS Next Year

6.18

Increased by 1.31%

from 6.10

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Nov 30, 2021	Nov 30, 2022	Nov 30, 2023	Nov 30, 2024	Nov 30, 2025	Nov 30, 2026	Nov 30, 2027
Revenue	531.31M	602.01M	694.44M	753.41M	977.83M	1.01B	1.03B
Revenue Growth	20.17%	13.31%	15.35%	8.49%	29.79%	3.70%	1.08%
EPS	1.76	2.15	1.57	1.54	1.66	6.10	6.18
EPS Growth	-	22.16%	-26.98%	-1.91%	7.79%	267.54%	1.31%
Forward PE	-	-	-	-	-	4.84	4.77
No. Analysts	-	-	-	-	-	9	9

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028	2029	2030	2031	2032	2033
High	1.0B	1.1B
Avg	1.0B	1.0B
Low	970.7M	970.7M

Revenue Growth

Revenue Growth	2026	2027	2028	2029	2030	2031	2032	2033
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 consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.