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PRGS
Volume: 484.03K

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 is a stable and reliable infrastructure software provider with a strong product portfolio that includes AI-powered solutions. The company's financials are sound, with revenues from software licenses and adjusted free cash flow experiencing significant growth. However, there are risks to consider, including revenue concentration and sensitivity to interest rates, integration and key man risks, and a highly competitive market. The management team has a strong track record in M&A, and the company remains focused on optimal capital allocation. Progress Software's current valuation is attractive, and the strong FY26 guidance and continued execution of its long-term growth strategy make the stock a favorable investment opportunity.

Bears say

Progress Software is likely to face headwinds in the SaaS landscape, as it provided a conservative guidance for its fiscal year 2026 due to uncertainties around demand for its multiple products in a competitive market. While the company has shown strong performance in its OpenEdge and ShareFile products, the overall ARR growth is expected to be only 2% year-over-year as it focuses on stabilizing demand and integrating AI capabilities into its portfolio. Its non-GAAP operating margin and EPS are expected to be slightly above analysts' estimates, reflecting the company's disciplined expense management and strategic investments. However, with minimal revenue impact from multi-year contract renewals and the need to drive synergies through AI integrations, there may be limited upside potential for revenue and ARR growth.

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 May 6, 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: 484.03K

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