PriceTargets.com logo

Progress Software - PRGS Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $51.57
  • Forecasted Upside: 14.27%
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 6 Buy Ratings
  • 1 Strong Buy Ratings
$45.13 As of 10/30/2026 05:00 PM ET
▲ +0.2 (0.45%)

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

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Progress Software Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for PRGS and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for PRGS

Analyst Price Target is $51.57
▲ +14.27% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Progress Software in the last 3 months. The average price target is $51.57, with a high forecast of $83.00 and a low forecast of $34.00. The average price target represents a 14.27% upside from the last price of $45.13.

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

Read Analyst Price Chart DescriptionSkip Analyst Price Chart

Current Consensus is Moderate Buy

The current consensus among 9 polled investment analysts is to moderate buy stock in Progress Software. This Moderate 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
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
5/8/2025
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
8/6/2025
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
11/4/2025
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
2/2/2026
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
5/3/2026
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
8/1/2026
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/30/2026
  • 1 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/30/2026

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/8/2026Weiss RatingsUpgradeHold (C-) ➝ Hold (C)
10/7/2026Yorkville IvesInitiated CoverageOutperform$48.00
10/5/2026Zacks ResearchUpgradeHold ➝ Strong-Buy
10/2/2026DA DavidsonReiterated RatingBuy ➝ Buy$55.00
9/25/2026Jefferies Financial GroupUpgradeHold
8/12/2026DA DavidsonBoost TargetBuy ➝ Buy$45.00 ➝ $55.00
8/11/2026Weiss RatingsUpgradeSell (D+) ➝ Hold (C-)
7/23/2026DA DavidsonBoost TargetBuy ➝ Buy$40.00 ➝ $45.00
7/14/2026Weiss RatingsReiterated RatingSell (D+) ➝ Sell (D+)
7/1/2026DA DavidsonReiterated RatingBuy ➝ Buy$40.00
7/1/2026GuggenheimReiterated RatingBuy ➝ Buy$83.00
7/1/2026OppenheimerLower TargetOutperform ➝ Outperform$57.00 ➝ $50.00
4/16/2026Weiss RatingsDowngradeHold (C-) ➝ Sell (D+)
4/1/2026Weiss RatingsUpgradeSell (D+) ➝ Hold (C-)
4/1/2026CitigroupLower TargetBuy ➝ Buy$60.00 ➝ $46.00
3/31/2026Jefferies Financial GroupLower TargetHold ➝ Hold$45.00 ➝ $34.00
3/31/2026WedbushLower TargetOutperform ➝ Outperform$65.00 ➝ $45.00
3/31/2026OppenheimerLower TargetOutperform ➝ Outperform$70.00 ➝ $57.00
3/25/2026DA DavidsonLower TargetBuy ➝ Buy$70.00 ➝ $50.00
3/13/2026Weiss RatingsDowngradeHold (C-) ➝ Sell (D+)
2/25/2026Weiss RatingsUpgradeSell (D+) ➝ Hold (C-)
2/5/2026Weiss RatingsDowngradeHold (C-) ➝ Sell (D+)
2/4/2026DA DavidsonReiterated RatingBuy ➝ Buy$70.00
1/22/2026CitigroupBoost TargetBuy ➝ Buy$54.00 ➝ $60.00
1/22/2026WedbushLower TargetOutperform ➝ Outperform$75.00 ➝ $65.00
1/21/2026Weiss RatingsUpgradeSell (D+) ➝ Hold (C-)
1/16/2026CitigroupLower TargetBuy ➝ Buy$57.00 ➝ $54.00
1/15/2026DA DavidsonLower TargetBuy ➝ Buy$75.00 ➝ $70.00
1/5/2026Jefferies Financial GroupLower TargetHold ➝ Hold$50.00 ➝ $45.00
10/25/2025Weiss RatingsDowngradeHold (C-) ➝ Sell (D+)
10/13/2025CitigroupUpgradeNeutral ➝ Buy$57.00
10/8/2025Weiss RatingsReiterated RatingHold (C-) ➝ Hold (C-)
9/30/2025DA DavidsonReiterated RatingBuy ➝ Buy$75.00
9/30/2025Jefferies Financial GroupLower TargetHold ➝ Hold$60.00 ➝ $50.00
9/27/2025Weiss RatingsReiterated RatingHold (C-) ➝ Hold (C-)
7/15/2025CitigroupLower TargetNeutral ➝ Neutral$64.00 ➝ $57.00
7/1/2025DA DavidsonBoost TargetBuy ➝ Buy$70.00 ➝ $75.00
6/27/2025Jefferies Financial GroupReiterated RatingHold ➝ Hold
6/27/2025WedbushReiterated RatingOutperform ➝ Outperform$75.00
6/27/2025CitigroupReiterated RatingNeutral ➝ Neutral
6/27/2025GuggenheimReiterated RatingBuy ➝ Buy$83.00
4/14/2025DA DavidsonLower TargetBuy ➝ Buy$75.00 ➝ $70.00
4/1/2025GuggenheimReiterated RatingBuy ➝ Buy$83.00 ➝ $83.00
4/1/2025WedbushReiterated RatingOutperform ➝ Outperform$75.00 ➝ $75.00
1/21/2025DA DavidsonReiterated RatingBuy ➝ Buy$75.00 ➝ $75.00
1/17/2025CitigroupBoost TargetNeutral ➝ Neutral$65.00 ➝ $68.00
1/17/2025GuggenheimReiterated RatingBuy ➝ Buy$83.00 ➝ $83.00
1/6/2025Jefferies Financial GroupBoost TargetHold ➝ Hold$65.00 ➝ $70.00
10/22/2024OppenheimerBoost TargetOutperform ➝ Outperform$70.00 ➝ $80.00
9/25/2024GuggenheimBoost TargetBuy ➝ Buy$64.00 ➝ $70.00
9/25/2024DA DavidsonBoost TargetBuy ➝ Buy$65.00 ➝ $70.00
9/25/2024OppenheimerBoost TargetOutperform ➝ Outperform$66.00 ➝ $70.00
9/10/2024WedbushReiterated RatingOutperform ➝ Outperform$68.00 ➝ $68.00
9/10/2024DA DavidsonReiterated RatingBuy ➝ Buy$65.00 ➝ $65.00
7/18/2024WedbushBoost TargetOutperform ➝ Outperform$67.00 ➝ $68.00
6/26/2024OppenheimerReiterated RatingOutperform ➝ Outperform$66.00 ➝ $66.00
6/26/2024DA DavidsonReiterated RatingBuy ➝ Buy$65.00 ➝ $65.00
6/26/2024Jefferies Financial GroupLower TargetHold ➝ Hold$60.00 ➝ $55.00
6/25/2024GuggenheimReiterated RatingBuy ➝ Buy$64.00 ➝ $64.00
3/28/2024DA DavidsonInitiated CoverageBuy$65.00
3/27/2024JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$65.00 ➝ $63.00
3/27/2024OppenheimerReiterated RatingOutperform ➝ Outperform$66.00
2/23/2024WedbushBoost TargetOutperform ➝ Outperform$65.00 ➝ $67.00
9/27/2023WedbushReiterated RatingOutperform ➝ Outperform$65.00
9/27/2023OppenheimerReiterated RatingOutperform ➝ Outperform$66.00
9/19/2023WedbushReiterated RatingOutperform ➝ Outperform$65.00
8/8/2023CitigroupBoost TargetNeutral ➝ Neutral$57.00 ➝ $62.00
6/30/2023OppenheimerBoost TargetOutperform$63.00 ➝ $66.00
3/30/2023CitigroupBoost TargetNeutral$54.00 ➝ $57.00
3/29/2023JPMorgan Chase & Co.Boost TargetOverweight$57.00 ➝ $65.00
3/29/2023GuggenheimReiterated RatingBuy$64.00
3/29/2023OppenheimerBoost TargetOutperform$53.00 ➝ $63.00
3/13/2023GuggenheimBoost TargetBuy$60.00 ➝ $64.00
1/24/2023GuggenheimReiterated RatingBuy$60.00
9/29/2022CitigroupLower Target$52.00 ➝ $46.00
9/9/2022Jefferies Financial GroupInitiated CoverageHold$52.00
8/12/2022GuggenheimInitiated CoverageBuy$60.00
6/29/2022WedbushReiterated RatingOutperform
6/29/2022OppenheimerLower TargetOutperform$60.00 ➝ $53.00
3/30/2022CitigroupBoost TargetNeutral$48.00 ➝ $52.00
1/19/2022CitigroupLower Target$50.00 ➝ $48.00
(Data available from 10/30/2021 forward)

News Sentiment Rating

0.97 (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
  • 7 very positive mentions
  • 14 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
4/3/2026
  • 3 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/3/2026
  • 1 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/2/2026
  • 8 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/2/2026
  • 3 very positive mentions
  • 13 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/1/2026
  • 1 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/31/2026
  • 1 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/30/2026
  • 16 very positive mentions
  • 14 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
10/30/2026

Current Sentiment

  • 16 very positive mentions
  • 14 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Progress Software logo
Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules; MarkLogic, a data agility platform to connect data and metadata; and Semaphore, a Semantic AI platform. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
Read More

Today's Range

Now: $45.13
Low: $44.45
High: $45.26

50 Day Range

MA: $41.82
Low: $36.58
High: $46.45

52 Week Range

Now: $45.13
Low: $23.82
High: $47.25

Volume

301,885 shs

Average Volume

548,388 shs

Market Capitalization

$1.84 billion

P/E Ratio

20.80

Dividend Yield

N/A

Beta

0.89

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., DA Davidson, Guggenheim, Jefferies Financial Group Inc., Oppenheimer Holdings, Inc., Wedbush, Weiss Ratings, Yorkville Ives, and Zacks Research.
View the latest analyst ratings for PRGS.

What is the current price target for Progress Software?

0 Wall Street analysts have set twelve-month price targets for Progress Software in the last year. Their average twelve-month price target is $51.57, suggesting a possible upside of 14.9%. Guggenheim has the highest price target set, predicting PRGS will reach $83.00 in the next twelve months. Jefferies Financial Group Inc. has the lowest price target set, forecasting a price of $34.00 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, 6 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for PRGS.

What other companies compete with Progress Software?

Other companies that are similar to Progress Software include CommVault Systems, Teradata, Adeia, N-able and Arqit Quantum. 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 15 Wayside Road, Suite 400, Burlington, MA, 01803. 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.