Progress Software Corporation (PRGS)
NASDAQ: PRGS · Real-Time Price · USD
38.42
-0.74 (-1.89%)
At close: Jul 2, 2026, 4:00 PM EDT
37.57
-0.85 (-2.21%)
After-hours: Jul 2, 2026, 6:36 PM EDT
Progress Software Stock Forecast
Stock Price Forecast
According to 6 analysts polled by S&P Global, Progress Software stock has a consensus rating of "Strong Buy" and an average price target of $50.67. The average 1-year stock price forecast is 31.88% higher than the current stock price, while the lowest is $40 (+4.11%) and the highest is $83 (+116.03%).
Price Target: $50.67 (+31.88%)
Analyst Consensus: Strong Buy
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 | Sep '25 | Oct '25 | Jan '26 | Feb '26 | Mar '26 | Jul '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 5 | 5 | 5 | 5 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 2 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Guggenheim | Guggenheim | Buy Maintains $83 | Buy | Maintains | $83 | +116.03% | Jul 2, 2026 |
| D.A. Davidson | D.A. Davidson | Buy Reiterates n/a | Buy | Reiterates | n/a | n/a | Jul 1, 2026 |
| Oppenheimer | Oppenheimer | Buy Maintains $57 → $50 | Buy | Maintains | $57 → $50 | +30.14% | Jul 1, 2026 |
| Citi | Citi | Buy Maintains $60 → $46 | Buy | Maintains | $60 → $46 | +19.73% | Apr 1, 2026 |
| Wedbush | Wedbush | Buy Maintains $65 → $45 | Buy | Maintains | $65 → $45 | +17.13% | Mar 31, 2026 |
Financial Forecast
Revenue This Year
995.68M
from 977.83M
Increased by 1.83%
Revenue Next Year
1.01B
from 995.68M
Increased by 1.00%
EPS This Year
6.07
from 5.72
Increased by 6.08%
EPS Next Year
6.18
from 6.07
Increased by 1.77%
EPS and Forward PE are based on non-GAAP adjusted numbers.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 998.5M | ||
| Avg | 995.7M | ||
| Low | 994.0M |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 2.1% | ||
| Avg | 1.8% | ||
| Low | 1.7% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 6.16 | ||
| Avg | 6.07 | ||
| Low | 5.95 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 7.7% | ||
| Avg | 6.1% | ||
| Low | 4.0% |