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

Last close, 11 Sept 2026
$40
−1.70% on the day

The 5 Wall Street analysts covering Progress Software Corp. hold a median 12-month price target of $50 — +25.3% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 96 of 100 as at 12 Sept 2026 — among the strongest tenth. Here, the model and the Street point the same way.

Market cap
$1.6B
Ticker Nerd rank
96 / 100
Median analyst target
$50
Analysts covering
5
Revenue$253.5M+6.8% y/y
Operating income$47.0M
Net income$21.1M
Free cash flow$77.0M
Quarterly, 8 quarters to 31 May 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−10.5%
1M
−7.5%
YTD
−7.1%
1Y
−7.2%
From 52W high
−14.8%
From 52W low
+59.1%
$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 12 Sept 2026
96 / 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
Accruals
92
Revisions
85
Volatility
78
Growth
56
Quality
56
Momentum
46
Size
38

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

Momentum (46): The shares have been drifting down relative to others.

Size (38): 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.

Data provided by Twelve Data

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

The green dot is the last close — the median target sits +25.3% 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.

Performance

PRGS vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 11 Sept 2026, Progress Software Corp. returned −7.2% against +17.5% for the S&P 500, dividends included.

PRGS vs S&P 500, last 12 monthsTotal return, rebased to 100
60708090100110120Oct 25Jan 26Apr 26Jul 26PRGSS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

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
19.4×

Cheaper than 38% of US stocks

Price / sales
1.6×

Cheaper than 58% of US stocks

Price / book
3.3×

Cheaper than 30% of US stocks

EV / EBITDA
8.6×

Cheaper than 43% of US stocks

Growth & margins
Revenue growth (YoY)
6.8%

Higher than 43% of US stocks

Earnings growth (YoY)
23.7%

Higher than 61% 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 79% of US stocks

Return on assets
4.9%

Higher than 76% of US stocks

Dividend yield
1.8%

Higher than 40% of US dividend payers

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

Key statistics

Progress Software Corp. (PRGS) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Progress Software Corp. has a market value of $1.6B and an enterprise value of $2.9B.

  • Revenue in the twelve months to 31 May 2026: $1.0B. The latest quarter grew 6.8% year on year.

  • Net income over the same four quarters: $89.0M, a 8.9% net margin.

  • Diluted earnings per share, trailing twelve months: $2.06.

  • Free cash flow in the twelve months to 31 May 2026: $305.2M, after $8.5M of capital spending.

  • Progress Software Corp. spent $110.1M on share buybacks and $495K on dividends in the twelve months to 31 May 2026.

  • Shares outstanding: 41.3M.

  • Trailing P/E: 19.4×; forward P/E: 6.4× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 1.75%, paying out 0% of earnings.

  • Progress Software Corp. employs 2,801 people — $358K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 31 May 2026 · market figures as at 14 Sept 2026

Data provided by Twelve Data

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.$1.6B
96
AIC3.ai, Inc.$1.6B
20
MQMarqeta, Inc.$1.7B
76
EVTCEVERTEC, Inc.$1.7B
60
PGYPagaya Technologies Ltd.$1.6B
67
ATENA10 Networks, Inc.$1.8B
83
NYAXNayax Ltd. (Israel)$1.8B
39

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

Progress Data Platform Summit 2026 Brings Together Data and AI Leaders

GlobeNewsWire · 9 Sept 2026positive

Progress Software announced the speaker lineup for its Progress Data Platform Summit 2026, scheduled for September 14-16 at the Hyatt Regency Reston in Reston, Virginia. The event will feature experts from Amazon, Microsoft, Moody's, Boeing, Boston Consulting Group and other organizations discussing strategies for turning enterprise information into action.

Why it matters — The event highlights Progress's positioning and engagement in the AI infrastructure and data platform space with notable industry partners.

Domo Announces Timing for Second Quarter Fiscal 2027 Financial Results and Provides Transaction Timing Update

Business Wire · 31 Aug 2026neutral

Domo announced it will file its Quarterly Report on Form 10-Q for the second quarter ended July 31, 2026, on September 3, 2026, after the market closes, and will not issue a separate earnings release due to its pending transaction with Progress Software Corporation.

Why it matters — This update signals the ongoing progress of Progress's planned acquisition of Domo and outlines how Domo's financial reporting will proceed during the pending transaction.

Zacks Industry Outlook Oracle, ACI and Progress Software

Zacks Investment Research · 27 Aug 2026neutral

Zacks Investment Research published an Industry Outlook article highlighting Oracle, ACI, and Progress Software. The companies are featured in the article as part of the industry outlook coverage.

Why it matters — PRGS watchers would care because the company is being featured in an industry analysis from a major research firm, offering broader context on its position within the sector.

3 Software Stocks to Keep an Eye on Amid Industry Weakness

Zacks Investment Research · 26 Aug 2026positive

Zacks Investment Research highlighted PRGS as one of three software stocks to watch amid broader industry weakness, citing steady digital transformation and strong AI adoption as positive factors for Computer Software industry participants including ORCL, ACIW, and PRGS.

Why it matters — PRGS watchers would note that the company was singled out as a software stock to monitor during a period of industry softness, reflecting its position within a sector seen as benefiting from digital transformation and AI adoption.

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.

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. 96 out of 100 across roughly 4,600 US stocks as at 12 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank PRGS?

As at 12 Sept 2026, Progress Software Corp. ranks 96 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 +25.3% from the last close, and Ticker Nerd's factor model ranks Progress Software Corp. 96 out of 100 as at 12 Sept 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 -7.2% over the 12 months to 11 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Progress Software Corp. do?

Progress Software Corp. is an enterprise software company that provides products for building, deploying, integrating, securing, and managing business applications and digital experiences.

What is the latest news on PRGS?

The most recent item we track (GlobeNewsWire, 9 Sept 2026): "Progress Data Platform Summit 2026 Brings Together Data and AI Leaders". Progress Software announced the speaker lineup for its Progress Data Platform Summit 2026, scheduled for September 14-16 at the Hyatt Regency Reston in Reston, Virginia. The event will feature experts from Amazon, Microsoft, Moody's, Boeing, Boston Consulting Group and other organizations discussing strategies for turning enterprise information into action.

Company

About Progress Software Corp.

Progress Software Corp. is an enterprise software company that provides products for building, deploying, integrating, securing, and managing business applications and digital experiences. Its portfolio spans application development tools, digital experience platforms, data connectivity and management software, automation and decisioning solutions, secure file transfer, network monitoring, and infrastructure software. Key products include OpenEdge, Sitefinity, Corticon, DataDirect, MOVEit, WhatsUp Gold, Flowmon, Chef, Kemp LoadMaster, MarkLogic, Semaphore, ShareFile, and developer tools used by software teams and technology partners. The company serves organizations across industries such as financial services, healthcare, manufacturing, government, and technology, supporting mission-critical operations and modernization efforts. Progress Software Corp. plays a broad role in the market by helping businesses connect systems, streamline workflows, and manage data-intensive applications across on-premises, cloud, and hybrid environments.

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