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PRGS Stock Forecast 2026-2027
$29.87
Current Price
$1.26B
Market Cap
Buy 5
Hold 1
Sell 0
Wall St Analyst Ratings
Distance to PRGS Price Targets
+177.9%
To High Target of $83.00
+52.3%
To Median Target of $45.50
+13.8%
To Low Target of $34.00
PRGS Price Momentum
+1.8%
1 Week Change
+12.1%
1 Month Change
-51.0%
1 Year Change
-30.5%
Year-to-Date Change
-54.4%
From 52W High of $65.50
+25.4%
From 52W Low of $23.82
📊 TOP ANALYST CALLS
Did PRGS Make This Month's Elite Buy List?
We don't follow just any analyst — only the top 3% with a proven track record make our cut. See if Progress Software is one of their latest high-conviction picks.
Latest PRGS Stock Price Targets & Analyst Predictions
Based on our analysis of 13 Wall Street analysts, PRGS has a bullish consensus with a median price target of $45.50 (ranging from $34.00 to $83.00). The overall analyst rating is Strong Buy (9.3/10). Currently trading at $29.87, the median forecast implies a 52.3% 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 177.9% upside. Conversely, the most conservative target is provided by Brent Thill at Jefferies, suggesting a 13.8% 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
$34.00
Average
$45.50
High
$83.00
Current: $29.87
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 |
|---|---|---|---|---|---|
| Apr 1, 2026 | Citigroup | Fatima Boolani | Buy | Maintains | $46.00 |
| Mar 31, 2026 | Jefferies | Brent Thill | Hold | Maintains | $34.00 |
| Mar 31, 2026 | Oppenheimer | Ittai Kidron | Outperform | Maintains | $57.00 |
| Mar 31, 2026 | Wedbush | Dan Ives | Outperform | Maintains | $45.00 |
| Mar 25, 2026 | DA Davidson | Lucky Schreiner | Buy | Maintains | $50.00 |
| Feb 4, 2026 | DA Davidson | Lucky Schreiner | Buy | Maintains | $70.00 |
| Jan 22, 2026 | Citigroup | Fatima Boolani | Buy | Maintains | $60.00 |
| Jan 22, 2026 | Wedbush | Dan Ives | Outperform | Maintains | $65.00 |
| Jan 16, 2026 | Citigroup | Fatima Boolani | Buy | Maintains | $54.00 |
| Jan 15, 2026 | DA Davidson | Lucky Schreiner | Buy | Maintains | $70.00 |
| 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 | Wedbush | Daniel Ives | Outperform | Reiterates | $75.00 |
| Jul 1, 2025 | DA Davidson | Lucky Schreiner | Buy | Maintains | $75.00 |
| Apr 14, 2025 | DA Davidson | Lucky Schreiner | Buy | Maintains | $70.00 |
| Apr 1, 2025 | Wedbush | Daniel Ives | Outperform | Reiterates | $75.00 |
| Apr 1, 2025 | Guggenheim | John Difucci | Buy | Reiterates | $83.00 |
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
1.26B
Progress Software Corporation (PRGS) Financial Data
Progress Software Corporation has a market capitalization of $1.26B with a P/E ratio of 15.3x. The company generates $987.61M in trailing twelve-month revenue with a 8.6% profit margin.
Revenue growth is +4.1% quarter-over-quarter, while maintaining an operating margin of +19.9% and return on equity of +18.3%.
Valuation Metrics
Market Cap
$1.26B
Enterprise Value
$2.52B
P/E Ratio
15.3x
PEG Ratio
0.1x
Price/Sales
1.3x
Growth & Margins
Revenue Growth (YoY)
+4.1%
Gross Margin
+82.3%
Operating Margin
+19.9%
Net Margin
+8.6%
EPS Growth
+108.4%
Financial Health
Cash/Price Ratio
+9.0%
Current Ratio
0.5x
Debt/Equity
275.8x
ROE
+18.3%
ROA
+4.7%
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Progress Software Corporation (PRGS) Business Model
About Progress Software Corporation
What They Do
Develops AI-powered applications and digital experiences.
Business Model
The company generates revenue through a diverse portfolio of software products and services, including platforms for application development, data management solutions, and automation tools. It serves enterprise customers across various sectors, providing tailored solutions that enhance operational efficiency and innovation.
Additional Information
Founded in 1981 and headquartered in Burlington, Massachusetts, Progress Software Corporation operates globally and caters to sectors like government and public services through its subsidiary, Progress Federal Solutions. Its offerings include a wide range of tools for application modernization, data analytics, and network monitoring, positioning the company well in the growing demand for AI-driven technology solutions.
Company Information
Sector
Technology
Industry
Software - Infrastructure
Employees
2,801
CEO
Mr. Yogesh K. Gupta
Country
United States
IPO Year
1991
Website
www.progress.comProgress Software Corporation (PRGS) Latest News & Analysis
Latest News
Quick Summary
Progress Software (NASDAQ: PRGS) held its 2026 annual stockholders' meeting virtually, with CEO Yogesh Gupta discussing voting matters, company strategy, and recent performance.
Why It Matters
Progress Software's virtual annual meeting highlights corporate governance and strategic direction, crucial for assessing management's effectiveness and potential impact on future performance.
Source: MarketBeat
Market Sentiment:
Positive
Quick Summary
Progress Software Corporation (PRGS) highlighted its high-performance multi-database connectivity and WinSQL features in a recent discussion, emphasizing advancements in their technology offerings.
Why It Matters
Progress Software's advancements in multi-database connectivity and WinSQL features could enhance product offerings, potentially driving revenue growth and attracting new clients, influencing stock performance.
Source: Seeking Alpha
Market Sentiment:
Neutral
Quick Summary
Humana's share price may not reflect its earnings potential; long-term margin normalization expected. New position in Antero Resources taken; exited First Advantage due to macro and AI risks.
Why It Matters
Humana's undervalued shares may rise as earnings normalize. Antero Resources offers growth in natural gas, while exiting First Advantage reduces exposure to macro risks and AI disruptions.
Source: Seeking Alpha
Market Sentiment:
Neutral
Quick Summary
Magnolia Oil & Gas shares rose with increasing oil prices. Red Rock Resorts faced Q1 pressure amid gaming demand concerns, while Knowles shifted toward higher-margin markets for stability.
Why It Matters
Magnolia Oil & Gas's share rise signals strong oil market performance, boosting related stocks. Red Rock's challenges indicate potential volatility in gaming, while Knowles' strategic shift may enhance long-term profitability.
Source: Seeking Alpha
Market Sentiment:
Neutral
Quick Summary
Investors are comparing Progress Software (PRGS) and Synopsys (SNPS) to determine which stock currently provides better value for investment.
Why It Matters
The comparison between Progress Software and Synopsys highlights potential investment opportunities, guiding value-focused investors in making informed decisions on stock selection.
Source: Zacks Investment Research
Market Sentiment:
Positive
Quick Summary
Zacks uses its proven Zacks Rank system, focusing on earnings estimates and revisions, while also monitoring value, growth, and momentum trends to identify strong stock picks.
Why It Matters
The Zacks Rank system highlights stocks with favorable earnings estimates, signaling potential investment opportunities. Trends in value, growth, and momentum can identify strong market candidates.
Source: Zacks Investment Research
Market Sentiment:
Positive
Frequently Asked Questions About PRGS Stock
What is Progress Software Corporation's (PRGS) stock forecast for 2026?
Based on our analysis of 13 Wall Street analysts, Progress Software Corporation (PRGS) has a median price target of $45.50. The highest price target is $83.00 and the lowest is $34.00.
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 $29.87. 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 $45.50 in the next 12 months. This represents a 52.3% increase from the current price of $29.87. Please note that this is a projection by Wall Street analysts and not a guarantee.
What is Progress Software Corporation's business model?
The company generates revenue through a diverse portfolio of software products and services, including platforms for application development, data management solutions, and automation tools. It serves enterprise customers across various sectors, providing tailored solutions that enhance operational efficiency and innovation.
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 177.9% increase from the current price of $29.87.
What is the lowest forecasted price for PRGS Progress Software Corporation?
The lowest price target for PRGS is $34.00 from Brent Thill at Jefferies, which represents a 13.8% increase from the current price of $29.87.
What is the overall PRGS consensus from analysts for Progress Software Corporation?
The overall analyst consensus for PRGS is bullish. Out of 13 Wall Street analysts, 5 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $45.50.
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: May 11, 2026 3:43 AM UTC