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Progress Software (PRGS) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

PRGS Stock Forecast

Progress Software (PRGS) stock forecast, based on 12 Wall Street analysts, predicts a 12-month average price target of $75.00, with a high of $80.00 and a low of $70.00. This represents a 30.53% increase from the last price of $57.46.

$45 $52 $59 $66 $73 $80 High: $80 Avg: $75 Low: $70 Last Closed Price: $57.46

PRGS Stock Rating

Progress Software stock's rating consensus is Buy, based on 12 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 6 Buy (50.00%), 6 Hold (50.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 12 0 6 6 Strong Sell Sell Hold Buy Strong Buy

PRGS Price Target Upside V Benchmarks

TypeNameUpside
StockProgress Software30.53%
SectorTechnology Stocks 33.74%

Price Target Trends

1M3M12M
# Anlaysts--7
Avg Price Target--$70.14
Last Closing Price$57.46$57.46$57.46
Upside/Downside--22.07%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25142--7
Mar, 25142--7
Feb, 25142--7
Jan, 25142--7
Dec, 24142--7
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Jan 06, 2025Brent ThillJefferies$70.00$65.187.39%21.82%
Oct 22, 2024Ittai KidronOppenheimer$80.00$65.3822.36%39.23%
Oct 01, 2024John DiFucciGuggenheim$78.00$67.0116.40%35.75%
Sep 25, 2024Lucky SchreinerD.A. Davidson$70.00$64.248.97%21.82%
Sep 25, 2024Ittai KidronOppenheimer$70.00$57.1522.48%21.82%
Sep 23, 2024Daniel IvesWedbush$68.00$56.9519.40%18.34%
Jun 26, 2024Brent ThillJefferies$55.00$48.7012.94%-4.28%
Mar 27, 2024Lucky SchreinerD.A. Davidson$65.00$52.6323.50%13.12%
Mar 25, 2024Ittai KidronOppenheimer$66.00$52.4825.76%14.86%
Mar 29, 2023Raymond McDonoughGuggenheim$64.00$55.4715.38%11.38%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jan 06, 2025JefferiesHoldHoldhold
Oct 22, 2024WedbushBuyBuyhold
Oct 22, 2024OppenheimerOutperformOutperformhold
Sep 23, 2024GuggenheimBuyBuyhold
Sep 10, 2024WedbushBuyBuyhold
Jul 18, 2024WedbushBuyBuyhold
Jul 18, 2024WedbushOutperformOutperformhold
Jun 26, 2024OppenheimerBuyBuyhold
Jun 26, 2024JefferiesHoldHoldhold
Jun 24, 2024CitigroupNeutralNeutralhold

Financial Forecast

EPS Forecast

$1 $2 $3 $4 $5 $6 $7 Nov 20 Nov 21 Nov 22 Nov 23 Nov 24 Nov 25 Nov 26 Nov 27
Nov 20Nov 21Nov 22Nov 23Nov 24Nov 25Nov 26Nov 27
Reported$1.78$1.79$2.19$1.62$1.58---
Avg Forecast$2.96$3.70$2.50$4.23$4.82$5.06$5.84$5.79
High Forecast$3.13$3.92$3.00$4.26$4.85$5.09$6.31$5.88
Low Forecast$2.65$3.31$1.99$4.20$4.80$5.00$5.19$5.70
Surprise %-39.86%-51.62%-12.40%-61.70%-67.22%---

Revenue Forecast

$400M $530M $660M $790M $920M $1B Nov 20 Nov 21 Nov 22 Nov 23 Nov 24 Nov 25 Nov 26 Nov 27
Nov 20Nov 21Nov 22Nov 23Nov 24Nov 25Nov 26Nov 27
Reported$442.15M$531.31M$602.01M$694.44M$753.41M---
Avg Forecast$455.15M$545.19M$568.09M$694.31M$749.67M$964.35M$996.38M$1.00B
High Forecast$475.72M$569.83M$681.71M$695.13M$750.47M$965.62M$1.02B$1.01B
Low Forecast$418.16M$500.88M$454.47M$693.23M$747.98M$963.45M$978.39M$991.43M
Surprise %-2.86%-2.55%5.97%0.02%0.50%---

Net Income Forecast

$0 $60M $120M $180M $240M $300M Nov 20 Nov 21 Nov 22 Nov 23 Nov 24 Nov 25 Nov 26 Nov 27
Nov 20Nov 21Nov 22Nov 23Nov 24Nov 25Nov 26Nov 27
Reported$79.72M$78.42M$95.07M$70.20M$68.44M---
Avg Forecast$74.92M$53.47M$74.76M$70.20M$214.14M$224.05M$255.48M$257.13M
High Forecast$89.91M$64.16M$89.71M$84.24M$215.25M$226.05M$280.46M$261.34M
Low Forecast$59.94M$42.78M$59.81M$56.16M$213.03M$222.05M$230.50M$253.22M
Surprise %6.41%46.66%27.17%--68.04%---

PRGS Forecast FAQ

Is Progress Software stock a buy?

Progress Software stock has a consensus rating of Buy, based on 12 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 6 Buy, 6 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Progress Software is a favorable investment for most analysts.

What is Progress Software's price target?

Progress Software's price target, set by 12 Wall Street analysts, averages $75 over the next 12 months. The price target range spans from $70 at the low end to $80 at the high end, suggesting a potential 30.53% change from the previous closing price of $57.46.

How does Progress Software stock forecast compare to its benchmarks?

Progress Software's stock forecast shows a 30.53% upside, underperforming the average forecast for the technology stocks sector (33.74%).

What is the breakdown of analyst ratings for Progress Software over the past three months?

  • April 2025: 14.29% Strong Buy, 57.14% Buy, 28.57% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 14.29% Strong Buy, 57.14% Buy, 28.57% Hold, 0% Sell, 0% Strong Sell.
  • February 2025: 14.29% Strong Buy, 57.14% Buy, 28.57% Hold, 0% Sell, 0% Strong Sell.

What is Progress Software’s EPS forecast?

Progress Software's average annual EPS forecast for its fiscal year ending in November 2025 is $5.06, marking a 220.25% increase from the reported $1.58 in 2024. Estimates for the following years are $5.84 in 2026, and $5.79 in 2027.

What is Progress Software’s revenue forecast?

Progress Software's average annual revenue forecast for its fiscal year ending in November 2025 is $964.35M, reflecting a 28.00% increase from the reported $753.41M in 2024. The forecast for 2026 is $996.38M, and $1B for 2027.

What is Progress Software’s net income forecast?

Progress Software's net income forecast for the fiscal year ending in November 2025 stands at $224.05M, representing an 227.37% increase from the reported $68.44M in 2024. Projections indicate $255.48M in 2026, and $257.13M in 2027.