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Progress Software - PRGS Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $52.75
  • Forecasted Upside: -8.53%
  • Number of Analysts: 5
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$57.67 As of 02/7/2023 01:00 AM ET
▲ +1.65 (2.95%)

This chart shows the closing price for PRGS by one month, three months, or twelve months.

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Analyst Price Target for PRGS

Analyst Price Target is $52.75
▼ -8.53% Downside Potential
This price target is based on 5 analysts offering 12 month price targets for Progress Software in the last 3 months. The average price target is $52.75, with a high forecast of $60.00 and a low forecast of $46.00. The average price target represents a -8.53% upside from the last price of $57.67.

This chart shows the closing price for PRGS for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 5 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

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/16/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/14/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
2/12/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/13/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/11/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/9/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/8/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
2/7/2023

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
1/24/2023GuggenheimReiterated RatingBuy$60.00Low
9/29/2022CitigroupLower Target$52.00 ➝ $46.00Low
9/9/2022Jefferies Financial GroupInitiated CoverageHold$52.00Low
8/12/2022GuggenheimInitiated CoverageBuy$60.00Low
6/29/2022WedbushReiterated RatingOutperformLow
6/29/2022OppenheimerLower TargetOutperform$60.00 ➝ $53.00Low
3/30/2022CitigroupBoost TargetNeutral$48.00 ➝ $52.00High
1/19/2022CitigroupLower Target$50.00 ➝ $48.00High
10/22/2021JPMorgan Chase & Co.Initiated CoverageOverweight$60.00Medium
9/24/2021OppenheimerBoost TargetOutperform$54.00 ➝ $60.00High
9/24/2021CitigroupBoost TargetNeutral$48.00 ➝ $50.00High
8/6/2021CitigroupInitiated CoverageNeutral$48.00Low
7/14/2021OppenheimerInitiated CoverageOutperform$54.00Low
6/8/2021GuggenheimInitiated CoverageBuy$56.00Medium
1/15/2021WedbushBoost TargetOutperform$45.00 ➝ $55.00High
8/26/2020WedbushReiterated RatingOutperform$45.00Low
6/26/2020BenchmarkBoost TargetBuy$39.00 ➝ $43.00High
3/27/2020WedbushLower TargetOutperform$58.00 ➝ $42.00Medium
3/23/2020BenchmarkReiterated RatingBuyMedium
1/17/2020BenchmarkReiterated RatingBuy$49.00 ➝ $57.00High
10/22/2019SidotiInitiated CoverageBuy$53.00Low
9/27/2019BenchmarkReiterated RatingBuyLow
9/25/2019WedbushReiterated RatingOutperform$52.00High
7/26/2019WedbushUpgradeNeutral ➝ Outperform$44.00 ➝ $52.00Medium
7/17/2019BenchmarkUpgradeHold ➝ Buy$49.00High
7/2/2019WedbushBoost TargetNeutral$42.00 ➝ $44.00Medium
6/28/2019National SecuritiesSet TargetBuy$50.00High
3/29/2019WedbushBoost TargetNeutral$36.00 ➝ $42.00High
11/16/2018WedbushReiterated RatingNeutral$38.00Low
7/16/2018National SecuritiesInitiated CoverageBuy$50.00Low
6/28/2018WedbushBoost TargetNeutral$39.00 ➝ $42.00High
6/28/2018BenchmarkUpgradeSell ➝ Hold$29.00High
5/7/2018WedbushReiterated RatingNeutral$42.00High
4/3/2018SidotiUpgradeNeutral ➝ BuyLow
3/29/2018WedbushReiterated RatingNeutral$42.00High
3/8/2018BenchmarkDowngradeHold ➝ SellHigh
(Data available from 2/7/2018 forward)

News Sentiment Rating

1.23 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 14 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
7/12/2022
  • 4 very positive mentions
  • 9 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/11/2022
  • 11 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/10/2022
  • 18 very positive mentions
  • 9 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
10/10/2022
  • 9 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/9/2022
  • 11 very positive mentions
  • 6 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
12/9/2022
  • 10 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/8/2023
  • 18 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/7/2023

Current Sentiment

  • 18 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Progress Software logo
Progress Software Corp. is a global software company, which engages in the provision of products that develop and deploy mission-critical business applications. Its products and solutions include OpenEdge, Developer Tools, Sitefinity, Corticon, DataDirect Connect, MOVEit, Chef, WhatsUp Gold, Kemp Loadmaster, and Kemp Flowmon Network Visibility. The company was founded by Joseph Wright Alsop, Clyde Kessel, and Charles Arthur Ziering in 1981 and is headquartered in Burlington, MA.
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Today's Range

Now: $57.67
Low: $55.88
High: $58.02

50 Day Range

MA: $52.25
Low: $49.29
High: $57.67

52 Week Range

Now: $57.67
Low: $40.33
High: $58.02

Volume

731,725 shs

Average Volume

319,189 shs

Market Capitalization

$2.50 billion

P/E Ratio

26.70

Dividend Yield

1.24%

Beta

1.01

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: Citigroup Inc., Guggenheim, Jefferies Financial Group Inc., Oppenheimer Holdings Inc., StockNews.com, and Wedbush.
View the latest analyst ratings for PRGS.

What is the current price target for Progress Software?

4 Wall Street analysts have set twelve-month price targets for Progress Software in the last year. Their average twelve-month price target is $52.75, suggesting a possible downside of 8.5%. Guggenheim has the highest price target set, predicting PRGS will reach $60.00 in the next twelve months. Citigroup Inc. has the lowest price target set, forecasting a price of $46.00 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 hold ratings and 3 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 C3.ai, Commvault Systems, Qualys, Duck Creek Technologies and AvidXchange. Learn More about companies similar to Progress 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. Learn More about contacing Progress Software investor relations.