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PRGS
Volume: 1.38K
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Progress Software (PRGS) Stock Forecast & Price Target

Progress Software (PRGS) Analyst Ratings

Based on 9 analyst ratings
Buy
Strong Buy 33%
Buy 33%
Hold 33%
Sell 0%
Strong Sell 0%

Bulls say

Progress Software Corporation is experiencing sustained growth, with a 3% increase in traffic marking the eighth consecutive month of upward trends, suggesting strong consumer interest in its software products. Revenue performance is being bolstered by better-than-expected demand for key products, particularly OpenEdge, indicating a robust market position and potential for continued financial success. Additionally, the company's engagement metrics suggest impressive viewer growth, which, coupled with its diverse product offerings across global markets, positions Progress Software favorably within the evolving landscape of AI-powered application development.

Bears say

Progress Software Corporation is facing a negative outlook primarily due to concerns over future revenue growth, with guidance indicating a potential decline in organic revenue for the upcoming fiscal year. The company's EPS guidance for FY25 has also underwhelmed expectations, impacted by increased interest expenses and conversion dilution, raising flags about profitability moving forward. Additionally, a decline in U.S. Federal business and challenges in realizing ROI on new products further exacerbate concerns about sustainable growth and overall financial health.

Progress Software (PRGS) has been analyzed by 9 analysts, with a consensus rating of Buy. 33% of analysts recommend a Strong Buy, 33% recommend Buy, 33% 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 9 analysts, Progress Software (PRGS) has a Buy consensus rating as of Jul 2, 2025. 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 $65.89, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $65.89, 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: 1.38K

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