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Progress Software CorporationPRGSNASDAQ
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OverviewNewsFundamentalsEarningsAnalysts

Analyst Sentiment

Analysts are neutral — opinion is divided on direction.

Consensus Rating
Hold
13 analysts·Moderate coverage
54%
Rating Distribution
Strong Buy
00%
Buy
754%
Hold
538%
Sell
18%
Strong Sell
00%

Analyst ratings reflect Wall Street opinion, not guarantees. Historical accuracy varies by firm and sector.

Price Target Expectations

Analysts see significant upside — consensus target 45% higher.

Bear Case
$45.00
+9%
Consensus
$60.00
+45%
Bull Case
$75.00
+81%
Price Range13 analysts
Low
Consensus
High
$45.00
$75.00
Current Target
Current Price
$41.42
Upside to Target
$18.58

Price targets are 12-month forecasts. Actual results depend on earnings, market conditions, and sector trends.

Earnings & Revenue Estimates

2026E$5.66(4 analysts)
P/E37x
Current: 36.7x
Actual
Estimate
Range (Low–High)
Stock Alarm Pro
Forward Growth Estimates (YoY)
FY2027
Rev+2.17%
EPS+0.99%
FY2028
Rev-0.89%
EPS—

Earnings Surprises

Beat rate:100%(12/12 quarters)
Avg surprise:+12.2%
Beat
Miss
Inline
Estimate
Based on reported EPS vs consensus estimate.

Recent Analyst Actions

Jan 5, 2026Jefferies
Progress Software price target lowered to $45 from $50 at Jefferies
Target:$45.00
+11.4%from $40.40
Sep 30, 2025Jefferies
Progress Software price target lowered to $50 from $60 at Jefferies
Target:$50.00
+13.9%from $43.89
Sep 30, 2025D.A. Davidson
Progress Software continues to execute well, says DA Davidson
Target:$75.00
+76.0%from $42.61
Jun 27, 2025Guggenheim
Progress Software Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Target:$83.00
+30.2%from $63.75
Jun 27, 2025Wedbush
Progress Software Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Target:$75.00
+17.6%from $63.75
Jan 6, 2025Jefferies
Progress Software price target raised to $70 from $65 at Jefferies
Target:$70.00
+7.4%from $65.18
Oct 22, 2024Oppenheimer
Progress Software (PRGS) PT Raised to $80 at Oppenheimer
Target:$80.00
+22.4%from $65.38
Oct 1, 2024Guggenheim
Progress Software price target raised to $78 from $70 at Guggenheim
Target:$78.00
+16.4%from $67.01
Sep 25, 2024D.A. Davidson
Progress Software price target raised to $70 from $65 at DA Davidson
Target:$70.00
+9.0%from $64.24
Sep 25, 2024Oppenheimer
Progress Software price target raised to $70 from $66 at Oppenheimer
Target:$70.00
+22.5%from $57.15
Sep 23, 2024Wedbush
Top Wall Street Forecasters Revamp Progress Software Price Expectations Ahead Of Q3 Earnings
Target:$68.00
+19.4%from $56.95
Jun 26, 2024Jefferies
Progress Software price target lowered to $55 from $60 at Jefferies
Target:$55.00
+12.9%from $48.70
Mar 27, 2024D.A. Davidson
DA Davidson Starts Progress Software (PRGS) at Buy
Target:$65.00
+23.5%from $52.63
Mar 25, 2024Oppenheimer
Progress Software Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Target:$66.00
+25.8%from $52.48
Mar 29, 2023Guggenheim
Progress Software Gets Price Target Bumps By Analysts Following Strong Q1 Results
Target:$64.00
+15.4%from $55.47
Sep 9, 2022Jefferies
Progress Software initiated with a Hold at Jefferies
Target:$52.00
+11.4%from $46.67

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