Progress Software Corporation (PRGS)

NASDAQ: PRGS · IEX Real-Time Price · USD
46.16
-2.64 (-5.41%)
At close: Jun 29, 2022 4:00 PM
46.17
+0.01 (0.02%)
After-hours: Jun 29, 2022 7:44 PM EDT

Stock Price Forecast

According to 11 stock analysts, the average 12-month stock price forecast for PRGS stock is $61, which predicts an increase of 32.15%. The lowest target is $52.52 and the highest is $73.5. On average, analysts rate PRGS stock as a buy.
Analyst Consensus: Buy
Target Low Average Median High
Price $52.52 $61 $61.2 $73.5
Change +13.78% +32.15% +32.58% +59.23%

Analyst Ratings

The average analyst rating for PRGS stock from 11 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 Jan '22Feb '22Mar '22Apr '22May '22Jun '22
Strong Buy 666555
Buy 444444
Hold 222222
Sell 000000
Strong Sell 000000
Total 121212111111

Financial Forecast

Revenue This Year
627.06M
Increased by 18.02%
Revenue Next Year
654.15M
Increased by 4.32%
EPS This Year
4.14
Increased by 131.39%
EPS Next Year
4.45
Increased by 7.55%
Year 2017201820192020202120222023202420252026
Revenue
389.15M378.98M413.30M442.15M531.31M627.06M654.15M699.14M723.81M764.34M
Revenue Growth
-3.99%
-2.61%
9.06%
6.98%
20.17%
18.02%
4.32%
6.88%
3.53%
5.60%
EPS
0.601.090.591.781.794.144.454.805.065.45
EPS Growth
-
81.67%
-45.87%
201.69%
0.56%
131.39%
7.55%
7.68%
5.50%
7.61%
No. Analysts -----77422

Revenue Forecast

Revenue 20222023202420252026
High 647.7M 711.5M 800.0M 760.0M 794.9M
Avg 627.1M 654.1M 699.1M 723.8M 764.3M
Low 601.0M 590.9M 596.8M 702.1M 741.4M

Revenue Growth

Revenue Growth 20222023202420252026
High
15.4%
13.5%
22.3%
8.7%
9.8%
Avg
11.7%
4.3%
6.9%
3.5%
5.6%
Low
7.0%
-5.8%
-8.8%
0.4%
2.4%

EPS Forecast

EPS 20222023202420252026
High 4.29 4.63 5.07 5.31 5.66
Avg 4.14 4.45 4.80 5.06 5.45
Low 3.96 4.25 4.49 4.91 5.28

EPS Growth

EPS Growth 20222023202420252026
High
13.7%
11.8%
13.7%
10.8%
11.9%
Avg
9.8%
7.5%
7.7%
5.5%
7.6%
Low
5.0%
2.7%
0.8%
2.3%
4.4%