Progress Software - PRGS Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $66.00
  • Forecasted Upside: -0.44%
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$66.29
▲ +1.48 (2.28%)

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 $66.00
▼ -0.44% Downside Potential
This price target is based on 6 analysts offering 12 month price targets for Progress Software in the last 3 months. The average price target is $66.00, with a high forecast of $70.00 and a low forecast of $55.00. The average price target represents a -0.44% upside from the last price of $66.29.

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 Moderate Buy

The current consensus among 6 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
4/13/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/12/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/10/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/8/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/7/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/6/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/4/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/4/2024

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
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
10/22/2021JPMorgan Chase & Co.Initiated CoverageOverweight$60.00
9/24/2021OppenheimerBoost TargetOutperform$54.00 ➝ $60.00
9/24/2021CitigroupBoost TargetNeutral$48.00 ➝ $50.00
8/6/2021CitigroupInitiated CoverageNeutral$48.00
7/14/2021OppenheimerInitiated CoverageOutperform$54.00
6/8/2021GuggenheimInitiated CoverageBuy$56.00
1/15/2021WedbushBoost TargetOutperform$45.00 ➝ $55.00
8/26/2020WedbushReiterated RatingOutperform$45.00
6/26/2020BenchmarkBoost TargetBuy$39.00 ➝ $43.00
3/27/2020WedbushLower TargetOutperform$58.00 ➝ $42.00
3/23/2020BenchmarkReiterated RatingBuy
1/17/2020BenchmarkReiterated RatingBuy$49.00 ➝ $57.00
10/22/2019SidotiInitiated CoverageBuy$53.00
(Data available from 10/4/2019 forward)

News Sentiment Rating

0.94 (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
  • 17 very positive mentions
  • 25 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
3/8/2024
  • 25 very positive mentions
  • 32 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
4/7/2024
  • 9 very positive mentions
  • 20 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
5/7/2024
  • 21 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
6/6/2024
  • 11 very positive mentions
  • 9 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
7/6/2024
  • 19 very positive mentions
  • 11 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
8/5/2024
  • 16 very positive mentions
  • 21 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
9/4/2024
  • 27 very positive mentions
  • 36 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
10/4/2024

Current Sentiment

  • 27 very positive mentions
  • 36 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
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.
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Today's Range

Now: $66.29
Low: $64.67
High: $66.36

50 Day Range

MA: $58.43
Low: $55.35
High: $67.37

52 Week Range

Now: $66.29
Low: $48.00
High: $67.48

Volume

386,461 shs

Average Volume

510,576 shs

Market Capitalization

$2.84 billion

P/E Ratio

40.42

Dividend Yield

1.06%

Beta

0.92

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: DA Davidson, Guggenheim, Jefferies Financial Group Inc., JPMorgan Chase & Co., Oppenheimer Holdings Inc., StockNews.com, and Wedbush.
View the latest analyst ratings for PRGS.

What is the current price target for Progress Software?

6 Wall Street analysts have set twelve-month price targets for Progress Software in the last year. Their average twelve-month price target is $66.00, suggesting a possible downside of 0.4%. Oppenheimer Holdings Inc. has the highest price target set, predicting PRGS will reach $70.00 in the next twelve months. Jefferies Financial Group Inc. has the lowest price target set, forecasting a price of $55.00 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 1 hold rating and 5 buy ratings 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?

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.