Progress Software Corporation (PRGS) Stock Forecast
Data as of May 2, 2026Technology · Current price $28.89 (+3.73%)
Price Target Range
Consensus Price Target Over Time
Analyst Rating Distribution
Last 3 Months
6-Month Trend
Latest Analyst Forecasts
Price targets issued by Wall Street analysts. Upside calculated against today's price.
| Date | Analyst | Firm | Price Target | Upside |
|---|---|---|---|---|
| Sep 30, 2025 | Brent Thill | Jefferies | $50.00 | +73.1% |
| Sep 30, 2025 | Lucky Schreiner | D.A. Davidson | $75.00 | +159.6% |
| Jun 27, 2025 | John Difucci | Guggenheim | $83.00 | +187.3% |
| Jun 27, 2025 | Daniel Ives | Wedbush | $75.00 | +159.6% |
| Jan 6, 2025 | Brent Thill | Jefferies | $70.00 | +142.3% |
| Oct 22, 2024 | Ittai Kidron | Oppenheimer | $80.00 | +176.9% |
| Oct 1, 2024 | John DiFucci | Guggenheim | $78.00 | +170.0% |
| Sep 25, 2024 | Lucky Schreiner | D.A. Davidson | $70.00 | +142.3% |
| Sep 25, 2024 | Ittai Kidron | Oppenheimer | $70.00 | +142.3% |
| Sep 23, 2024 | Daniel Ives | Wedbush | $68.00 | +135.4% |
| Jun 26, 2024 | Brent Thill | Jefferies | $55.00 | +90.4% |
| Mar 27, 2024 | Lucky Schreiner | D.A. Davidson | $65.00 | +125.0% |
| Mar 25, 2024 | Ittai Kidron | Oppenheimer | $66.00 | +128.5% |
| Mar 29, 2023 | Raymond McDonough | Guggenheim | $64.00 | +121.5% |
| Sep 9, 2022 | Brent Thill | Jefferies | $52.00 | +80.0% |
Top Analysts Covering PRGS
PRGS vs Sector & Market
| Metric | PRGS | Technology Avg | Large Cap Avg |
|---|---|---|---|
| Analyst Rating | 2.18 | 2.34 | 2.41 |
| Analyst Count | 11 | 13 | 18 |
| Target Upside | +55.8% | +4072.6% | +14.9% |
| P/E Ratio | 14.82 | 27.92 | 31.19 |
Revenue Estimates
| Period | Low | Avg | High | # |
|---|---|---|---|---|
| 2026-05-28 | $240M | $241M | $243M | 4 |
| 2026-08-28 | $250M | $251M | $251M | 4 |
| 2026-11-28 | $254M | $255M | $256M | 2 |
| 2026-11-30 | $992M | $994M | $996M | 4 |
| 2027-02-28 | $248M | $250M | $251M | 2 |
| 2027-05-28 | $245M | $246M | $247M | 2 |
| 2027-08-28 | $253M | $254M | $256M | 2 |
| 2027-11-28 | $256M | $257M | $259M | 2 |
| 2027-11-30 | $995M | $1.01B | $1.03B | 4 |
| 2028-02-28 | $248M | $249M | $251M | 1 |
| 2028-05-28 | $244M | $246M | $247M | 1 |
| 2028-08-28 | $253M | $254M | $256M | 1 |
EPS Estimates
| Period | Low | Avg | High | # |
|---|---|---|---|---|
| 2026-05-28 | $1.39 | $1.40 | $1.41 | 4 |
| 2026-08-28 | $1.42 | $1.44 | $1.46 | 4 |
| 2026-11-28 | $1.46 | $1.47 | $1.48 | 1 |
| 2026-11-30 | $5.97 | $5.98 | $6.00 | 4 |
| 2027-02-28 | $1.50 | $1.51 | $1.52 | 1 |
| 2027-05-28 | $1.46 | $1.47 | $1.48 | 1 |
| 2027-08-28 | $1.53 | $1.54 | $1.56 | 1 |
| 2027-11-28 | $1.58 | $1.59 | $1.60 | 1 |
| 2027-11-30 | $6.01 | $6.06 | $6.10 | 4 |
| 2028-02-28 | $1.48 | $1.50 | $1.51 | 2 |
| 2028-05-28 | $1.46 | $1.47 | $1.48 | 2 |
| 2028-08-28 | $1.54 | $1.56 | $1.57 | 2 |
Frequently Asked Questions
What is the analyst consensus for PRGS?
The consensus among 11 analysts covering Progress Software Corporation (PRGS) is Buy with an average price target of $60.00.
What is the highest price target for PRGS?
The highest price target for PRGS is $83.00, set by John Difucci at Guggenheim on 2025-06-27.
What is the lowest price target for PRGS?
The lowest price target for PRGS is $50.00, set by Brent Thill at Jefferies on 2025-09-30.
How many analysts cover PRGS?
11 analysts have issued ratings for Progress Software Corporation in the past 12 months.
Is PRGS a buy or sell right now?
Based on 11 analyst ratings, PRGS has a consensus rating of Buy (2.18/5) with a +55.8% upside to the consensus target of $60.00.
What are the earnings estimates for PRGS?
Analysts estimate PRGS will report EPS of $1.40 for the period ending 2026-05-28, with revenue estimated at $241M.
Related Stock Forecasts
Data updated daily. Analyst price targets sourced from public filings and broker reports. Not investment advice.