PROGRESS SOFTWARE CORP (PRGS) Forecast, Price Target & Analyst Ratings

NASDAQ:PRGS • US7433121008

Current stock price

25.09 USD
-0.56 (-2.18%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for PROGRESS SOFTWARE CORP (PRGS).

Forecast Snapshot

Consensus Price Target

Price Target
$65.60
+ 161.47% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Jun 29, 2026
Period
Q2 / 2026
EPS Estimate
$1.43
Revenue Estimate
246.07M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
87.69%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$65.60
Upside
+ 161.47%
From current price of $25.09 to mean target of $65.60, Based on 13 analyst forecasts
Low
$45.45
Median
$66.30
High
$87.15

Price Target Revisions

1 Month
-1.81%
3 Months
-5.88%

Price Target Summary

13 Wall Street analysts provided a forecast for the next 12 months for PRGS. The average price target is 65.6 USD. This implies a price increase of 161.47% is expected in the next year compared to the current price of 25.09.
The average price target has been revised downward by 5.88% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

PRGS Current Analyst RatingPRGS Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6

Analyst Ratings History

PRGS Historical Analyst RatingsPRGS Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
87.69%
PRGS was analyzed by 13 analysts. The buy percentage consensus is at 88. So analysts seem to be very confident about PRGS.
In the previous month the buy percentage consensus was at a similar level.
PRGS was analyzed by 13 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-31OppenheimerMaintains Outperform -> Outperform
2026-03-31WedbushMaintains Outperform -> Outperform
2026-03-31JefferiesMaintains Hold -> Hold
2026-03-25DA DavidsonMaintains Buy -> Buy
2026-02-04DA DavidsonMaintains Buy -> Buy
2026-01-22WedbushMaintains Outperform -> Outperform
2026-01-22CitigroupMaintains Buy -> Buy
2026-01-16CitigroupMaintains Buy -> Buy
2026-01-15DA DavidsonMaintains Buy -> Buy
2026-01-05JefferiesMaintains Hold -> Hold
2025-10-13CitigroupUpgrade Neutral -> Buy
2025-09-30DA DavidsonMaintains Buy -> Buy
2025-09-30JefferiesMaintains Hold -> Hold
2025-07-15CitigroupMaintains Neutral -> Neutral
2025-07-01DA DavidsonMaintains Buy -> Buy
2025-07-01WedbushReiterate Outperform -> Outperform
2025-04-14DA DavidsonMaintains Buy -> Buy
2025-04-01GuggenheimReiterate Buy -> Buy
2025-04-01WedbushReiterate Outperform -> Outperform
2025-01-22GuggenheimReiterate Buy -> Buy
2025-01-21DA DavidsonMaintains Buy -> Buy
2025-01-17GuggenheimReiterate Buy -> Buy
2025-01-17CitigroupMaintains Neutral -> Neutral
2025-01-06JefferiesMaintains Hold -> Hold
2024-10-22OppenheimerMaintains Outperform -> Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Jun 29, 2026
Period
Q2 / 2026
EPS Estimate
$1.43
Revenue Estimate
246.07M
Revenue Q2Q
3.67%
EPS Q2Q
2.39%
Number of Analysts
8

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
1.16%
EPS (1 Month)
0.00%
EPS (3 Months)
11.09%

Next Earnings Summary

PRGS is expected to report earnings on 6/29/2026. The consensus EPS estimate for the next earnings is 1.43 USD and the consensus revenue estimate is 246.07M USD.
The next earnings revenue estimate has been revised upward by 1.16% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
PRGS revenue by date.PRGS revenue by date.
694.439M
15.36%		753.409M
8.49%		977.831M
29.79%		1.013B
3.60%		1.026B
1.28%		1.045B
1.85%		1.052B
0.67%		1.062B
0.95%		1.074B
1.13%		1.088B
1.30%		1.105B
1.56%
EBITDA
YoY % growth
PRGS ebitda by date.PRGS ebitda by date.
232.945M
15.26%		260.251M
11.72%		326.215M
25.35%		476.27M
46.00%		481.35M
1.07%		376.43M
-21.80%		N/AN/AN/AN/AN/A
EBIT
YoY % growth
PRGS ebit by date.PRGS ebit by date.
129.798M
1.88%		157.207M
21.12%		174.491M
10.99%		394.63M
126.16%		401.33M
1.70%		368.06M
-8.29%		331.67M
-9.89%		338.31M
2.00%		345.07M
2.00%		N/AN/A
Operating Margin
PRGS operating margin by date.PRGS operating margin by date.
18.69%20.87%17.84%38.96%39.12%35.22%31.53%31.86%32.13%N/AN/A
EPS
YoY % growth
PRGS eps by date.PRGS eps by date.
4.35
5.33%		4.93
13.33%		5.72
16.02%		5.99
4.77%		6.08
1.39%		6.29
3.58%		N/AN/AN/AN/AN/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		1.43
2.39%		1.47
-2.30%		1.50
-0.98%		1.50
-6.53%		1.46
1.67%		1.54
5.27%		1.59
6.53%
Revenue
Q2Q % growth		246.07M
3.67%		255.73M
2.38%		260.09M
2.94%		254.97M
2.89%		250.54M
1.82%		259.88M
1.62%		264.45M
1.68%
EBITDA
Q2Q % growth		96.801M
-18.56%		101.24M
-37.54%		103.89M
-46.77%		N/AN/AN/AN/A
EBIT
Q2Q % growth		95.351M
126.38%		99.437M
114.98%		100.83M
132.14%		100.06M
0.89%		98.221M
3.01%		101.84M
2.42%		103.32M
2.47%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

PRGS Yearly Revenue VS EstimatesPRGS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 200M 400M 600M 800M 1B
PRGS Yearly EPS VS EstimatesPRGS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
3.24%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
1.56%
Revenue Next 5 Year
1.26%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
-0.77%
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

PROGRESS SOFTWARE CORP / PRGS Forecast FAQ

What is the price target for PRGS stock?

13 analysts have analysed PRGS and the average price target is 65.6 USD. This implies a price increase of 161.47% is expected in the next year compared to the current price of 25.09.

When does PROGRESS SOFTWARE CORP (PRGS) report earnings?

PROGRESS SOFTWARE CORP (PRGS) will report earnings on 2026-06-29.

What are the consensus estimates for PRGS stock next earnings?

The consensus EPS estimate for the next earnings of PROGRESS SOFTWARE CORP (PRGS) is 1.43 USD and the consensus revenue estimate is 246.07M USD.

What is the number of analysts for PRGS stock?

The number of analysts covering PROGRESS SOFTWARE CORP (PRGS) is 13.