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PRGS
Volume: 2.89K

Progress Software (PRGS) Stock Forecast & Price Target

Progress Software (PRGS) Analyst Ratings

Based on 5 analyst ratings
Buy
Strong Buy 40%
Buy 40%
Hold 20%
Sell 0%
Strong Sell 0%

Bulls say

Progress Software Corp has demonstrated significant revenue growth, with total revenue reaching $252.7 million, representing an 18% year-over-year increase, and aligning closely with market estimates. The company's adjusted free cash flow also showed impressive performance, increasing by 35% year-over-year to $98.8 million, driven by effective collection strategies. Additionally, a high net retention rate of 99%, bolstered by new customer acquisitions and expansions due to AI investments, underscores the company's ability to stabilize demand and foster long-term growth.

Bears say

Progress Software Corp faces a challenging outlook primarily due to declining core revenue from its flagship OpenEdge product, which could be exacerbated by customer churn that would further negatively impact overall revenue. The company's forecasted $250 million in debt repayments and negative operating leverage, combined with its inability to effectively compete with larger PaaS vendors like Microsoft and Amazon, underscores significant financial vulnerabilities. Additionally, the reported 11% year-over-year decline in software license revenues indicates a trend of losing competitive positions in the market, raising concerns about its profitability and growth sustainability moving forward.

Progress Software (PRGS) has been analyzed by 5 analysts, with a consensus rating of Buy. 40% of analysts recommend a Strong Buy, 40% recommend Buy, 20% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Progress Software and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Progress Software (PRGS) Forecast

Analysts have given Progress Software (PRGS) a Buy based on their latest research and market trends.

According to 5 analysts, Progress Software (PRGS) has a Buy consensus rating as of Apr 16, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $46.40, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $46.40, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Progress Software (PRGS)

Volume: 2.89K

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