NASDAQ:PRGS - Progress Software Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $57.00
  • Forecasted Upside: 22.06 %
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$46.70
▲ +0.2 (0.43%)

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Analyst Price Target for PRGS

Analyst Price Target is $57.00
▲ +22.06% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Progress Software in the last 3 months. The average price target is $57.00, with a high forecast of $0.00 and a low forecast of $0.00. The average price target represents a 22.06% upside from the last price of $46.70.

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 4 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

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  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
11/28/2020
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
2/26/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
5/27/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
8/25/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 1 hold ratings
  • 0 sell ratings
11/23/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
2/21/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/22/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/22/2022

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/30/2022CitigroupBoost Price TargetNeutral$48.00 ➝ $52.00High
1/19/2022CitigroupLower Price Target$50.00 ➝ $48.00High
10/22/2021JPMorgan Chase & Co.Initiated CoverageOverweight$60.00Medium
9/24/2021OppenheimerBoost Price TargetOutperform$54.00 ➝ $60.00High
9/24/2021CitigroupBoost Price 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 Price TargetOutperform$45.00 ➝ $55.00High
8/26/2020WedbushReiterated RatingOutperform$45.00Low
6/26/2020BenchmarkBoost Price TargetBuy$39.00 ➝ $43.00High
3/27/2020WedbushLower Price 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 Price TargetNeutral$42.00 ➝ $44.00Medium
6/28/2019National SecuritiesSet Price TargetBuy$50.00High
3/29/2019WedbushBoost Price TargetNeutral$36.00 ➝ $42.00High
11/16/2018WedbushReiterated RatingNeutral$38.00Low
7/16/2018National SecuritiesInitiated CoverageBuy$50.00Low
6/28/2018WedbushBoost Price 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
1/2/2018BenchmarkReiterated RatingBuy ➝ Buy$42.00 ➝ $47.00High
9/18/2017WedbushReiterated RatingNeutral$32.00Low
9/13/2017BenchmarkReiterated RatingBuy ➝ Buy$34.00 ➝ $42.00Medium
(Data available from 5/22/2017 forward)

News Sentiment Rating

1.31 (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
  • 11 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
10/24/2021
  • 7 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
11/23/2021
  • 5 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/23/2021
  • 8 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/22/2022
  • 5 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
2/21/2022
  • 11 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
3/23/2022
  • 7 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
4/22/2022
  • 13 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/22/2022

Current Sentiment

  • 13 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Progress Software logo
Progress Software Corporation develops, deploys, and manages business applications. The company offers OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; developer tools that consists of components for user interface development for Web, mobile, desktop, chat, and AR/VR apps, as well as automated application testing and reporting tools; Sitefinity, a web content management and customer analytics platform; Corticon, a business rules management system that provides applications with decision automation and change process, and decision-related insight capabilities. It also offers DataDirect Connect, which provides data connectivity using industry-standard interfaces to connect applications running on various platforms; MOVEit that offers secure collaboration and automated file transfers of critical business information; Chef, an infrastructure automation platform to build, deploy, manage, and secure applications in multi-cloud and hybrid environments, and on-premises; and WhatsUp Gold, a network monitoring solution. In addition, the company provides Kemp LoadMaster, a load balancing solutions; and Kemp Flowmon network performance monitoring and diagnostic solutions that collect and analyze network telemetry from various sources. Further, it provides project management, implementation, custom development, programming, and other services, as well as web-enable applications; and training services. The company sells its products to end users, independent software vendors, original equipment manufacturers, and system integrators. It has operations in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
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Today's Range

Now: $46.70
Low: $45.57
High: $47.17

50 Day Range

MA: $46.56
Low: $43.91
High: $49.89

52 Week Range

Now: $46.70
Low: $41.68
High: $53.99

Volume

286,757 shs

Average Volume

314,882 shs

Market Capitalization

$2.04 billion

P/E Ratio

26.09

Dividend Yield

1.51%

Beta

1.07

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, JPMorgan Chase & Co., Oppenheimer Holdings Inc., StockNews.com, and Zacks Investment 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 $57.00, suggesting a possible upside of 22.1%.
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 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?

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.