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PRGS Stock Forecast 2026-2027
$41.42
Current Price
$1.79B
Market Cap
Buy 5
Hold 1
Sell 0
Wall St Analyst Ratings
Distance to PRGS Price Targets
+100.4%
To High Target of $83.00
+75.0%
To Median Target of $72.50
+8.6%
To Low Target of $45.00
PRGS Price Momentum
-2.2%
1 Week Change
-4.6%
1 Month Change
-35.0%
1 Year Change
-3.6%
Year-to-Date Change
-36.8%
From 52W High of $65.50
+6.2%
From 52W Low of $39.00
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Latest PRGS Stock Price Targets & Analyst Predictions
Based on our analysis of 12 Wall Street analysts, PRGS has a bullish consensus with a median price target of $72.50 (ranging from $45.00 to $83.00). The overall analyst rating is Strong Buy (9.3/10). Currently trading at $41.42, the median forecast implies a 75.0% upside. This outlook is supported by 5 Buy, 1 Hold, and 0 Sell ratings.
The most optimistic forecast comes from John Difucci at Guggenheim, projecting a 100.4% upside. Conversely, the most conservative target is provided by Brent Thill at Jefferies, suggesting a 8.6% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
PRGS Analyst Ratings
5
Buy
1
Hold
0
Sell
PRGS Price Target Range
Low
$45.00
Average
$72.50
High
$83.00
Current: $41.42
Latest PRGS Stock Forecasts by Analyst
These are the latest 20 analyst ratings and price targets for PRGS.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Jan 5, 2026 | Jefferies | Brent Thill | Hold | Maintains | $45.00 |
| Oct 13, 2025 | Citigroup | Fatima Boolani | Buy | Upgrade | $57.00 |
| Sep 30, 2025 | Jefferies | Brent Thill | Hold | Maintains | $50.00 |
| Sep 30, 2025 | DA Davidson | Lucky Schreiner | Buy | Maintains | $75.00 |
| Jul 15, 2025 | Citigroup | Fatima Boolani | Neutral | Maintains | $57.00 |
| Jul 1, 2025 | DA Davidson | Lucky Schreiner | Buy | Maintains | $75.00 |
| Jul 1, 2025 | Wedbush | Daniel Ives | Outperform | Reiterates | $75.00 |
| Apr 14, 2025 | DA Davidson | Lucky Schreiner | Buy | Maintains | $70.00 |
| Apr 1, 2025 | Guggenheim | John Difucci | Buy | Reiterates | $83.00 |
| Apr 1, 2025 | Wedbush | Daniel Ives | Outperform | Reiterates | $75.00 |
| Jan 22, 2025 | Guggenheim | John Difucci | Buy | Reiterates | $83.00 |
| Jan 21, 2025 | DA Davidson | Lucky Schreiner | Buy | Maintains | $75.00 |
| Jan 17, 2025 | Citigroup | Fatima Boolani | Neutral | Maintains | $68.00 |
| Jan 17, 2025 | Guggenheim | John Difucci | Buy | Reiterates | $83.00 |
| Jan 6, 2025 | Jefferies | Brent Thill | Hold | Maintains | $70.00 |
| Oct 22, 2024 | Oppenheimer | Ittai Kidron | Outperform | Maintains | $80.00 |
| Sep 25, 2024 | Oppenheimer | Ittai Kidron | Outperform | Maintains | $70.00 |
| Sep 25, 2024 | DA Davidson | Lucky Schreiner | Buy | Maintains | $70.00 |
| Sep 25, 2024 | Guggenheim | Raymond McDonough | Buy | Maintains | $70.00 |
| Sep 10, 2024 | DA Davidson | Lucky Schreiner | Buy | Maintains | $65.00 |
Progress Software Corporation (PRGS) Competitors
The following stocks are similar to Progress Software based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
PRGS
Progress Software
mkt cap
1.83B
Progress Software Corporation (PRGS) Financial Data
Progress Software Corporation has a market capitalization of $1.79B with a P/E ratio of 38.6x. The company generates $940.13M in trailing twelve-month revenue with a 5.2% profit margin.
Revenue growth is +39.8% quarter-over-quarter, while maintaining an operating margin of +18.5% and return on equity of +10.7%.
Valuation Metrics
Market Cap
$1.79B
Enterprise Value
$3.16B
P/E Ratio
38.6x
PEG Ratio
-1.2x
Price/Sales
1.9x
Growth & Margins
Revenue Growth (YoY)
+39.8%
Gross Margin
+81.0%
Operating Margin
+18.5%
Net Margin
+5.2%
EPS Growth
-31.8%
Financial Health
Cash/Price Ratio
+5.6%
Current Ratio
0.4x
Debt/Equity
303.7x
ROE
+10.7%
ROA
+5.4%
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Progress Software Corporation (PRGS) Business Model
About Progress Software Corporation
What They Do
Develops business applications and technological solutions.
Business Model
Progress Software Corporation generates revenue by providing businesses with a comprehensive suite of tools for application development, data integration, and digital transformation. Their products support multiple programming languages and platforms, allowing customization for diverse client needs, which enhances operational efficiency and customer engagement.
Additional Information
The company is headquartered in Bedford, Massachusetts, and plays a significant role in various industries, including finance and healthcare. Their commitment to open-source and versatile deployment options ensures they remain competitive in the rapidly evolving tech landscape.
Company Information
Sector
Technology
Industry
Software - Infrastructure
Employees
2,815
CEO
Mr. Yogesh K. Gupta
Country
United States
IPO Year
1991
Website
www.progress.comProgress Software Corporation (PRGS) Latest News & Analysis
Latest News
Progress Software to Report Fourth Quarter 2025 and Full Year Financial Results on January 20, 2026
9 days ago
Quick Summary
Progress Software (Nasdaq: PRGS) will release its fiscal Q4 and full year 2025 financial results on January 20, 2026, after market close.
Why It Matters
Progress Software's upcoming financial results can impact stock performance, investor sentiment, and market expectations, influencing trading decisions and valuations.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
Progress Software announced winners of the 2025 Sitefinity Partner of the Year Awards, highlighting advances in AI-powered digital experiences and industry collaboration.
Why It Matters
Recognition of industry leaders in AI-powered solutions indicates growth in the tech sector, potentially boosting investor confidence in companies like Progress Software and enhancing market interest in AI advancements.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Progress Software Makes Its Debut in Digital Experience Platform Evaluation by Independent Research Firm
30 days ago
Quick Summary
Progress Software (Nasdaq: PRGS) has been recognized as a top vendor in The Forrester Wave™: Digital Experience Platforms for Q4 2025, marking its first inclusion in this report.
Why It Matters
Progress Software's recognition in The Forrester Wave enhances its market credibility, potentially attracting new customers and investors, which may positively impact stock performance.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
Progress Software's stock has declined over 30% YTD, trading at low earnings multiples. The company focuses on SaaS acquisitions and aims for deleveraging by 2026, with FY25 FCF guidance raised to $232–242 million.
Why It Matters
Progress Software's significant decline and low valuation, combined with its focus on SaaS acquisitions and improved cash flow guidance, suggest potential for recovery and growth, appealing to value-focused investors.
Source: Seeking Alpha
Market Sentiment:
Positive
Quick Summary
Developers can now create enterprise-grade screens using AI, leading to up to 50% faster development cycles in .NET and JavaScript, enhancing debugging and delivery speed.
Why It Matters
Faster development cycles and enhanced debugging can significantly reduce costs and time-to-market, increasing competitive advantage for companies using these technologies.
Source: GlobeNewsWire
Market Sentiment:
Neutral
Quick Summary
Progress Software's stock dropped 36% in 2025, mainly due to a lawsuit linked to a MOVEit data breach, with potential liabilities between $30 million and over $500 million, despite strong earnings.
Why It Matters
Progress Software's steep stock drop reflects significant investor concern over potential legal liabilities from the MOVEit breach, overshadowing positive company fundamentals and growth initiatives.
Source: Forbes
Market Sentiment:
Negative
Frequently Asked Questions About PRGS Stock
What is Progress Software Corporation's (PRGS) stock forecast for 2026?
Based on our analysis of 12 Wall Street analysts, Progress Software Corporation (PRGS) has a median price target of $72.50. The highest price target is $83.00 and the lowest is $45.00.
Is PRGS stock a good investment in 2026?
According to current analyst ratings, PRGS has 5 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $41.42. Always conduct your own research and consider your investment goals before making investment decisions.
What is the long-term price prediction for PRGS stock?
Wall Street analysts predict PRGS stock could reach $72.50 in the next 12 months. This represents a 75.0% increase from the current price of $41.42. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Progress Software Corporation's business model?
Progress Software Corporation generates revenue by providing businesses with a comprehensive suite of tools for application development, data integration, and digital transformation. Their products support multiple programming languages and platforms, allowing customization for diverse client needs, which enhances operational efficiency and customer engagement.
What is the highest forecasted price for PRGS Progress Software Corporation?
The highest price target for PRGS is $83.00 from John Difucci at Guggenheim, which represents a 100.4% increase from the current price of $41.42.
What is the lowest forecasted price for PRGS Progress Software Corporation?
The lowest price target for PRGS is $45.00 from Brent Thill at Jefferies, which represents a 8.6% increase from the current price of $41.42.
What is the overall PRGS consensus from analysts for Progress Software Corporation?
The overall analyst consensus for PRGS is bullish. Out of 12 Wall Street analysts, 5 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $72.50.
How accurate are PRGS stock price projections?
Stock price projections, including those for Progress Software Corporation, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
Important Disclaimer
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.
Last updated: January 15, 2026 3:26 PM UTC