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PRGS Stock Forecast: Progress Software Corp. Price Predictions for 2026-2027

Last close, 21 Aug 2026
$44
+2.66% on the day

The 5 Wall Street analysts covering Progress Software Corp. hold a median 12-month price target of $50 — +12.7% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 97 of 100 as at 21 Aug 2026 — among the strongest tenth. Here, the model and the Street point the same way.

Market cap
$1.8B
Ticker Nerd rank
97 / 100
Median analyst target
$50
Analysts covering
5
Total return, dividends reinvested
1W
+1.4%
1M
+12.4%
YTD
+3.3%
1Y
−0.8%
From 52W high
−5.4%
From 52W low
+76.8%
$25
$47
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

PRGS stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Progress Software Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 21 Aug 2026
97 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Issuance
99
Value
95
Revisions
93
Accruals
91
Volatility
79
Quality
56
Growth
56
Momentum
44
Size
37

Issuance (99): The share count has been shrinking and the company is not leaning on new borrowing.

Momentum (44): The shares have been drifting down relative to others.

Size (37): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

PRGS stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on PRGS, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$20$30$40$50$60$70$80$90Oct 25Jan 26Apr 26Jul 26PRGSHigh $83Median $50Low $45

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

What Wall Street says5 analysts
5 Buy0 Hold0 Sell
Low $45Median $50High $83

The green dot is the last close — the median target sits +12.7% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 2 moved their price target up and 1 moved it down.

DateFirmActionRatingTarget
12 Aug 2026DA DavidsonMaintainsBuy$45 → $55
23 July 2026DA DavidsonMaintainsBuy$40 → $45
23 July 2026DA DavidsonMaintainsBuy—
1 July 2026DA DavidsonMaintainsBuy—
1 July 2026DA DavidsonMaintainsBuy$40
1 July 2026GuggenheimReiteratesBuy—
1 July 2026GuggenheimReiteratesBuy$83
1 July 2026OppenheimerMaintainsOutperform$57 → $50
1 July 2026OppenheimerMaintainsOutperform—
1 Apr 2026CitigroupMaintainsBuy—
31 Mar 2026DA DavidsonMaintainsBuy—
31 Mar 2026JefferiesMaintainsHold—
31 Mar 2026OppenheimerMaintainsOutperform—
31 Mar 2026WedbushMaintainsOutperform—
25 Mar 2026DA DavidsonMaintainsBuy—
4 Feb 2026DA DavidsonMaintainsBuy—
22 Jan 2026CitigroupMaintainsBuy—
22 Jan 2026WedbushMaintainsOutperform—
16 Jan 2026CitigroupMaintainsBuy—
15 Jan 2026DA DavidsonMaintainsBuy—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. PRGS appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Estimates

PRGS analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
+2.3%
Analysts raising
5
Analysts cutting
0
Fundamentals

Progress Software Corp. (PRGS) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
21.1×

Cheaper than 37% of US stocks

Price / sales
1.8×

Cheaper than 56% of US stocks

Price / book
3.6×

Cheaper than 30% of US stocks

EV / EBITDA
9.1×

Cheaper than 42% of US stocks

Growth & margins
Revenue growth (YoY)
6.8%

Higher than 44% of US stocks

Earnings growth (YoY)
23.7%

Higher than 62% of US stocks

Gross margin
82.3%

Higher than 92% of US stocks

Operating margin
18.5%

Higher than 77% of US stocks

Net margin
8.9%

Higher than 67% of US stocks

Returns & dividend
Return on equity
18.6%

Higher than 80% of US stocks

Return on assets
4.9%

Higher than 76% of US stocks

Dividend yield
1.6%

Higher than 38% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Peers

PRGS vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelSoftware - Infrastructure
CompanyMarket capTKN rank
PRGSProgress Software Corp.$1.8B
97
ATENA10 Networks, Inc.$1.9B
86
GCTGigaCloud Technology, Inc.$1.8B
82
EVTCEVERTEC, Inc.$1.8B
61
NYAXNayax Ltd. (Israel)$1.8B
41
PGYPagaya Technologies Ltd.$1.7B
67
MQMarqeta, Inc.$1.7B
78

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Progress Software Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest PRGS news & analysis

PRGS or MSFT: Which Is the Better Value Stock Right Now?

Zacks Investment Research · 21 Aug 2026neutral

Zacks Investment Research published a comparison of Progress Software (PRGS) and Microsoft (MSFT) as potential value stocks in the Computer - Software sector, evaluating which company may be the better option for investors seeking undervalued stocks.

Why it matters — The article places PRGS in direct comparison with Microsoft as a value-stock candidate, which could raise visibility among investors screening for undervalued software stocks.

Should Value Investors Buy Progress Software (PRGS) Stock?

Zacks Investment Research · 21 Aug 2026neutral

Zacks Investment Research published an article examining whether Progress Software (PRGS) is a suitable investment for value investors. The piece highlights the firm's Zacks Rank system, which focuses on earnings estimates and estimate revisions, while also considering value, growth, and momentum trends.

Why it matters — PRGS watchers would care because the article evaluates the stock through Zacks' earnings-estimate and revision framework, offering an analytical perspective on its investment appeal.

Progress Software Announces New Telerik and Kendo UI Release to Accelerate AI-Powered Development and Agent-Ready Applications

GlobeNewsWire · 20 Aug 2026positive

Progress Software announced a new release of its Telerik and Kendo UI products aimed at helping development teams move from AI-assisted coding to production-ready, agent-driven applications. The release is positioned to accelerate AI-powered development and support building agent-ready software.

Why it matters — PRGS watchers would track this product update as a signal of the company's efforts to keep its developer-tooling portfolio aligned with the growing demand for AI and agent-based application development.

Progress Software (PRGS) Upgraded to Buy: Here's What You Should Know

Zacks Investment Research · 18 Aug 2026positive

Progress Software (PRGS) was upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about its earnings prospects. The upgrade suggests the stock may move higher.

Why it matters — PRGS watchers would care because the upgrade signals improved analyst sentiment about the company's earnings outlook.

Progress Software Appoints Bridget Collins as Chief Information Officer

GlobeNewsWire · 18 Aug 2026positive

Progress Software announced the appointment of Bridget Collins as its new Chief Information Officer. Collins, an accomplished technology executive, will lead the company's enterprise IT strategy, AI acceleration, cybersecurity, and M&A integration efforts.

Why it matters — The appointment signals a leadership addition focused on advancing Progress's IT strategy, AI initiatives, and cybersecurity, areas central to its positioning as an AI infrastructure software company.

FAQ

Frequently asked questions about PRGS stock

What is the PRGS stock price forecast for 2026-2027?

The 5 Wall Street analysts covering Progress Software Corp. have a median 12-month price target of $50, with estimates ranging from $45 to $83. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is PRGS stock a buy right now?

Of the 5 analysts covering Progress Software Corp., 5 rate it a Buy, 0 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Progress Software Corp. 97 out of 100 across roughly 4,600 US stocks as at 21 Aug 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank PRGS?

As at 21 Aug 2026, Progress Software Corp. ranks 97 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Issuance (99 of 100).

Will PRGS stock go up?

No one can know that. What the data says: the median 12-month target from 5 analysts implies +12.7% from the last close, and Ticker Nerd's factor model ranks Progress Software Corp. 97 out of 100 as at 21 Aug 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the PRGS stock forecast for 2030?

No analyst covering Progress Software Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for PRGS are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $45 to $83 over the next 12 months.

How has PRGS stock performed over the past year?

Progress Software Corp. returned -0.8% over the 12 months to 21 Aug 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Progress Software Corp. do?

Progress Software Corporation is a software company that develops, deploys, and manages AI-powered applications and digital experiences for businesses worldwide. Its portfolio includes key products such as OpenEdge, a platform for building business applications and database management; Chef, a DevOps and DevSecOps automation tool; Corticon, a decision automation platform; DataDirect, secure data connectivity solutions for relational, NoSQL, big data, and SaaS sources; and developer tools like Telerik and Kendo UI for web, desktop, and mobile applications.

What is the latest news on PRGS?

The most recent item we track (Zacks Investment Research, 21 Aug 2026): "PRGS or MSFT: Which Is the Better Value Stock Right Now?". Zacks Investment Research published a comparison of Progress Software (PRGS) and Microsoft (MSFT) as potential value stocks in the Computer - Software sector, evaluating which company may be the better option for investors seeking undervalued stocks.

Company

About Progress Software Corp.

Progress Software Corporation is a software company that develops, deploys, and manages AI-powered applications and digital experiences for businesses worldwide. Its portfolio includes key products such as OpenEdge, a platform for building business applications and database management; Chef, a DevOps and DevSecOps automation tool; Corticon, a decision automation platform; DataDirect, secure data connectivity solutions for relational, NoSQL, big data, and SaaS sources; and developer tools like Telerik and Kendo UI for web, desktop, and mobile applications. Additional offerings encompass Kemp LoadMaster for load balancing, MOVEit for managed file transfer, MarkLogic for database services, Sitefinity for web content management, WhatsUp Gold for network monitoring, Flowmon for network visibility, ShareFile for file sharing, Semaphore for continuous delivery, and AI innovations including Nuclia for agentic RAG technology and AI coding assistants. Progress Software Corporation serves enterprise customers across sectors like government, defense, and public sector through its Progress Federal Solutions subsidiary, providing application modernization, data management, analytics, business intelligence, and SaaS enablement. Founded in 1981 and headquartered in Burlington, Massachusetts, the company operates globally, supporting organizations in achieving agility and innovation in AI-driven environments.

CEO Mr. Yogesh K. Gupta · 2,801 employees · United States · https://www.progress.com