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NASDAQ:PRGS - Progress Software Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $49.00
  • Forecasted Upside: 10.56 %
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$44.32
▲ +0.05 (0.11%)
1 month | 3 months | 12 months
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Analyst Price Target for PRGS

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$49.00
▲ +10.56% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Progress Software in the last 3 months. The average price target is $49.00, with a high forecast of $55.00 and a low forecast of $43.00. The average price target represents a 10.56% upside from the last price of $44.32.

Buy

The current consensus among 2 polled investment analysts is to buy stock in Progress Software. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
11/24/2019
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
2/22/2020
  • 0 strong buy ratings
  • 4 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/22/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
8/20/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
11/18/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
2/16/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/17/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/17/2021

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/15/2021WedbushBoost Price TargetOutperform$45.00 ➝ $55.00High
i
Rating by D. Ives at Wedbush
8/26/2020WedbushReiterated RatingOutperform$45.00Low
i
Rating by D. Ives at Wedbush
6/26/2020BenchmarkBoost Price TargetBuy$39.00 ➝ $43.00High
i
3/27/2020WedbushLower Price TargetOutperform$58.00 ➝ $42.00Medium
i
3/23/2020BenchmarkReiterated RatingBuyMedium
i
Rating by Mark Schappel at Benchmark Co.
1/17/2020BenchmarkReiterated RatingBuy$49.00 ➝ $57.00High
i
Rating by Mark Schappel at Benchmark Co.
10/22/2019SidotiInitiated CoverageBuy$53.00Low
i
9/27/2019BenchmarkReiterated RatingBuyLow
i
Rating by Mark Schappel at Benchmark Co.
9/25/2019WedbushReiterated RatingOutperform$52.00High
i
Rating by S. Koenig at Wedbush
7/26/2019WedbushUpgradeNeutral ➝ Outperform$44.00 ➝ $52.00Medium
i
Rating by S. Koenig at Wedbush
7/17/2019BenchmarkUpgradeHold ➝ Buy$49.00High
i
7/2/2019WedbushBoost Price TargetNeutral$42.00 ➝ $44.00Medium
i
6/28/2019National SecuritiesSet Price TargetBuy$50.00High
i
Rating by Matthew Galinko at National Securities
3/29/2019WedbushBoost Price TargetNeutral$36.00 ➝ $42.00High
i
11/16/2018WedbushReiterated RatingNeutral$38.00Low
i
7/16/2018National SecuritiesInitiated CoverageBuy$50.00Low
i
6/28/2018WedbushBoost Price TargetNeutral$39.00 ➝ $42.00High
i
6/28/2018BenchmarkUpgradeSell ➝ Hold$29.00High
i
5/7/2018WedbushReiterated RatingNeutral$42.00High
i
4/3/2018SidotiUpgradeNeutral ➝ BuyLow
i
3/29/2018WedbushReiterated RatingNeutral$42.00High
i
3/8/2018BenchmarkDowngradeHold ➝ SellHigh
i
1/2/2018BenchmarkReiterated RatingBuy ➝ Buy$42.00 ➝ $47.00High
i
9/18/2017WedbushReiterated RatingNeutral$32.00Low
i
9/13/2017BenchmarkReiterated RatingBuy ➝ Buy$34.00 ➝ $42.00Medium
i
3/30/2017WedbushBoost Price TargetNeutral ➝ Neutral$24.00 ➝ $27.00High
i
1/18/2017BenchmarkReiterated RatingBuy$34.00 ➝ $32.00N/A
i
1/18/2017WedbushReiterated RatingNeutralN/A
i
12/30/2016ArgusReiterated RatingHoldN/A
i
12/30/2016BenchmarkReiterated RatingBuy$34.00N/A
i
12/29/2016SidotiInitiated CoverageNeutral$34.00N/A
i
10/15/2016CitigroupReiterated RatingNeutralN/A
i
10/11/2016BenchmarkReiterated RatingBuy$31.00N/A
i
10/11/2016WedbushReiterated RatingNeutral$24.00N/A
i
Rating by Steven Koenig at Wedbush
9/13/2016LADENBURG THALM/SH SHDowngradeBuy ➝ NeutralN/A
i
7/3/2016JMP SecuritiesReiterated RatingHoldN/A
i
6/26/2016WedbushReiterated RatingHold$24.00N/A
i
Rating by Steven Koenig at Wedbush
6/24/2016WedbushBoost Price TargetNeutral$22.00 ➝ $24.00N/A
i
Rating by Steven Koenig at Wedbush
6/3/2016CitigroupDowngradeNeutral ➝ Sell$36.00 ➝ $31.00N/A
i
(Data available from 5/18/2016 forward)
Progress Software logo
Progress Software Corporation develops business applications. The company operates through three segments: OpenEdge, Data Connectivity and Integration, and Application Development and Deployment. The OpenEdge segment offers Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabilities; Progress Kinvey, a platform for building enterprise applications; MOVEit that provides secure collaboration and automated file transfers of critical business information; and WhatsUp Gold, a network monitoring solution. The Data Connectivity and Integration segment provides Progress DataDirect Connect, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Hybrid Data Pipeline, a data access service that provides cloud and on-premises data sources for hybrid cloud applications, such as customer resource management, data management platforms, or hosted analytics. The Application Development and Deployment segment offers Developer Tools, a set of components for user interface development; and Sitefinity, a web content management and customer analytics platform. The company also provides project management, implementation, custom development, programming, and other services, as well as services to web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. The company has operations in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. Progress Software Corporation was founded in 1981 and is headquartered in Bedford, Massachusetts.
Read More

Today's Range

Now: $44.32
$43.65
$44.44

50 Day Range

MA: $44.78
$42.26
$46.85

52 Week Range

Now: $44.32
$34.05
$49.23

Volume

487,946 shs

Average Volume

387,849 shs

Market Capitalization

$1.95 billion

P/E Ratio

25.33

Dividend Yield

1.58%

Beta

1.12

Frequently Asked Questions

What sell-side analysts currently cover shares of Progress Software?

The following equities research analysts have issued research reports on Progress Software in the last year: Benchmark Co., Wedbush, and Zacks Investment Research.
View the latest analyst ratings for PRGS.

What is the current price target for Progress Software?

2 Wall Street analysts have set twelve-month price targets for Progress Software in the last year. Their average twelve-month price target is $49.00, suggesting a possible upside of 11.1%. Wedbush has the highest price target set, predicting PRGS will reach $55.00 in the next twelve months. Benchmark Co. has the lowest price target set, forecasting a price of $43.00 for Progress Software in the next year.
View the latest price targets for PRGS.

What is the current consensus analyst rating for Progress Software?

Progress Software currently has 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe PRGS will outperform the market and that investors should add to their positions of Progress Software.
View the latest ratings for PRGS.

What other companies compete with Progress Software?

Other companies that are similar to Progress Software include Microsoft, Oracle, ServiceNow, VMware, Fortinet, Proofpoint, Axon Enterprise, C3.ai, Qualys, Commvault Systems and FalconStor Software.

How do I contact Progress Software's investor relations team?

Progress Software's physical mailing address is 14 OAK PARK DRIVE, BEDFORD MA, 01730. The software maker's listed phone number is 781-280-4000 and its investor relations email address is [email protected] The official website for Progress Software is www.progress.com.