Progress Software Corporation (PRGS)
NASDAQ: PRGS · Real-Time Price · USD
40.84
-0.03 (-0.07%)
Oct 16, 2026, 4:00 PM EDT - Market closed
Progress Software Stock Forecast
Stock Price Forecast
According to 5 analysts polled by S&P Global, Progress Software stock has a consensus rating of "Strong Buy" and an average price target of $56.2. The average 1-year stock price forecast is 37.61% higher than the current stock price, while the lowest is $40 (-2.06%) and the highest is $83 (+103.23%).
Price Target: $56.2 (+37.61%)
Analyst Consensus: Strong Buy
Price Target
ChartAnalyst 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 | Feb '26 | Mar '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 4 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 0 | 0 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Yorkville Ives & Co | Yorkville Ives & Co | Buy Initiates $48 | Buy | Initiates | $48 | +17.53% | Oct 7, 2026 |
| Oppenheimer | Oppenheimer | Buy Maintains $50 | Buy | Maintains | $50 | +22.43% | Oct 1, 2026 |
| D.A. Davidson | D.A. Davidson | Buy Reiterates $55 | Buy | Reiterates | $55 | +34.67% | Oct 1, 2026 |
| Citi | Citi | Buy Reiterates $46 | Buy | Reiterates | $46 | +12.63% | Jul 6, 2026 |
| Jefferies | Jefferies | Hold Maintains $40 | Hold | Maintains | $40 | -2.06% | Jul 3, 2026 |
Financial Forecast
Revenue This Year
1.05B
from 977.83M
Increased by 7.13%
Revenue Next Year
1.28B
from 1.05B
Increased by 22.19%
EPS This Year
6.19
from 5.72
Increased by 8.18%
EPS Next Year
7.18
from 6.19
Increased by 15.99%
EPS and Forward PE are based on non-GAAP adjusted numbers.