PRGSTechnology · Software - InfrastructureThe 5 Wall Street analysts covering Progress Software Corp. hold a median 12-month price target of $53 — +38.5% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 92 of 100 as at 8 Oct 2026 — among the strongest tenth. Here, the model and the Street point the same way.
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.
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): The share count has been shrinking and the company is not leaning on new borrowing.
Growth (44): Sales and profits are flat, shrinking, or growing more slowly than they were.
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.
The bullish and bearish analyst opinions on PRGS, reported as data — targets and ratings, the market's view beside the model's.
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
The green dot is the last close — the median target sits +38.5% from it.
Of the 20 most recent actions, 2 moved their price target up and 1 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 2 Oct 2026 | DA Davidson | Maintains | Buy | $55 |
| 12 Aug 2026 | DA Davidson | Maintains | Buy | — |
| 12 Aug 2026 | DA Davidson | Maintains | Buy | $45 → $55 |
| 23 July 2026 | DA Davidson | Maintains | Buy | $40 → $45 |
| 23 July 2026 | DA Davidson | Maintains | Buy | — |
| 1 July 2026 | DA Davidson | Maintains | Buy | — |
| 1 July 2026 | DA Davidson | Maintains | Buy | $40 |
| 1 July 2026 | Guggenheim | Reiterates | Buy | $83 |
| 1 July 2026 | Guggenheim | Reiterates | Buy | — |
| 1 July 2026 | Oppenheimer | Maintains | Outperform | — |
| 1 July 2026 | Oppenheimer | Maintains | Outperform | $57 → $50 |
| 1 Apr 2026 | Citigroup | Maintains | Buy | — |
| 31 Mar 2026 | DA Davidson | Maintains | Buy | — |
| 31 Mar 2026 | Jefferies | Maintains | Hold | — |
| 31 Mar 2026 | Oppenheimer | Maintains | Outperform | — |
| 31 Mar 2026 | Wedbush | Maintains | Outperform | — |
| 25 Mar 2026 | DA Davidson | Maintains | Buy | — |
| 4 Feb 2026 | DA Davidson | Maintains | Buy | — |
| 22 Jan 2026 | Citigroup | Maintains | Buy | — |
| 22 Jan 2026 | Wedbush | Maintains | Outperform | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
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.
Both lines are total return — dividends reinvested — so the comparison is honest on both sides.
Over the twelve months to 8 Oct 2026, Progress Software Corp. returned −16.7% against +16.2% for the S&P 500, dividends included.
Download this chart as an image — free to reuse; link this page as the source.
Data provided by Twelve Data
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 41% of US stocks
Cheaper than 58% of US stocks
Cheaper than 29% of US stocks
Cheaper than 45% of US stocks
Higher than 25% of US stocks
Higher than 56% of US stocks
Higher than 92% of US stocks
Higher than 81% of US stocks
Higher than 68% of US stocks
Higher than 79% of US stocks
Higher than 77% of US stocks
Higher than 77% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
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 $1.5B and an enterprise value of $2.7B.
Revenue in the twelve months to 31 May 2026: $1.0B. The latest quarter shrank 1.5% 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.
Trailing P/E: 17.3×; forward P/E: 5.2× — the forward figure prices analyst consensus estimates, not reported earnings.
Forward dividend yield: 1.88%, paying out 0% of earnings.
Progress Software Corp. employs 2,801 people — $358K of revenue per employee.
Data provided by Twelve Data
The nearest names by industry and size, scored by the same model — like for like.
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 →
Zacks Investment Research reports that implied volatility in Progress Software (PRGS) stock options is surging and says investors should pay close attention to recent options-market movements.
Why it matters — PRGS watchers may note the reported increase in options-market volatility as an indicator of changing market activity around the stock.
Zacks Investment Research compares Progress Software and Synopsys for investors interested in which stock offers better value. The excerpt poses the comparison but provides no conclusion.
Why it matters — PRGS watchers may find the value comparison relevant, though the excerpt does not state which company fares better.
Zacks Investment Research describes its focus on the Zacks Rank system, which uses earnings estimates and revisions, while also monitoring value, growth, and momentum trends. The excerpt does not state a specific conclusion about Progress Software stock.
Why it matters — PRGS watchers can see the article frames its discussion around these investment factors, but the excerpt provides no company-specific assessment.
Zacks Investment Research published an article urging investors to examine Progress Software's (PRGS) international revenue patterns when evaluating the stock. The piece focuses on how these trends may affect Wall Street forecasts and the company's prospective trajectory.
Why it matters — PRGS watchers would care because international revenue trends could influence analyst forecasts and the company's overall growth outlook.
Applause announced it will co-host a session with Progress Software at the 2026 M-Enabling Summit in Arlington, Virginia, October 5-7. The session will be led by William Reuschel of Applause and John McCartney, Senior Manager of User Experience at Progress ShareFile, and will address AI's role in accessibility compliance.
Why it matters — The session highlights Progress Software's involvement in digital accessibility and inclusive technology, positioning the company as an engaged participant in a leading industry forum on accessibility compliance.
The 5 Wall Street analysts covering Progress Software Corp. have a median 12-month price target of $53, with estimates ranging from $40 to $83. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
Of the 5 analysts covering Progress Software Corp., 4 rate it a Buy, 1 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Progress Software Corp. 92 out of 100 across roughly 4,600 US stocks as at 8 Oct 2026. None of this is personal advice — it does not consider your circumstances.
As at 8 Oct 2026, Progress Software Corp. ranks 92 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).
No one can know that. What the data says: the median 12-month target from 5 analysts implies +38.5% from the last close, and Ticker Nerd's factor model ranks Progress Software Corp. 92 out of 100 as at 8 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
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: $40 to $83 over the next 12 months.
Progress Software Corp. returned -16.7% over the 12 months to 8 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.
Progress Software Corp. is an enterprise software company that provides products for building, deploying, integrating, securing, and managing business applications and digital experiences.
The most recent item we track (Zacks Investment Research, 7 Oct 2026): "Implied Volatility Surging for Progress Software Stock Options". Zacks Investment Research reports that implied volatility in Progress Software (PRGS) stock options is surging and says investors should pay close attention to recent options-market movements.
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
