Progress Software Corp
NASDAQ:PRGS

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Progress Software Corp
NASDAQ:PRGS
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Price: 66.38 USD 0.7% Market Closed
Market Cap: 2.8B USD
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Wall Street
Price Targets

PRGS Price Targets Summary
Progress Software Corp

Wall Street analysts forecast PRGS stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for PRGS is 74.46 USD with a low forecast of 65.65 USD and a high forecast of 84 USD.

Lowest
Price Target
65.65 USD
1% Downside
Average
Price Target
74.46 USD
12% Upside
Highest
Price Target
84 USD
27% Upside

PRGS Last Price Targets
Progress Software Corp

The latest public price target was made on Oct 22, 2024 by Ittai Kidron from Oppenheimer , who expects PRGS stock to rise by 21% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Ittai Kidron
Oppenheimer
80 USD
Upside 21%
2 months ago
Oct 22, 2024
Progress Software (PRGS) PT Raised to $80 at Oppenheimer
StreetInsider
John DiFucci
Guggenheim
78 USD
Upside 18%
2 months ago
Oct 1, 2024
Progress Software price target raised to $78 from $70 at Guggenheim
TheFly
Ittai Kidron
Oppenheimer
70 USD
Upside 5%
2 months ago
Sep 25, 2024
Progress Software price target raised to $70 from $66 at Oppenheimer
TheFly
Lucky Schreiner
D.A. Davidson
70 USD
Upside 5%
2 months ago
Sep 25, 2024
Progress Software price target raised to $70 from $65 at DA Davidson
TheFly
Daniel Ives
Wedbush
68 USD
Upside 2%
2 months ago
Sep 23, 2024
Top Wall Street Forecasters Revamp Progress Software Price Expectations Ahead Of Q3 Earnings
Benzinga
Brent Thill
Jefferies
55 USD
Downside 17%
5 months ago
Jun 26, 2024
Progress Software price target lowered to $55 from $60 at Jefferies
TheFly
Lucky Schreiner
D.A. Davidson
65 USD
Downside 2%
8 months ago
Mar 27, 2024
DA Davidson Starts Progress Software (PRGS) at Buy
StreetInsider
Ittai Kidron
Oppenheimer
66 USD
Downside 1%
8 months ago
Mar 25, 2024
Progress Software Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga
Raymond McDonough
Guggenheim
64 USD
Downside 4%
1 year ago
Mar 29, 2023
Progress Software Gets Price Target Bumps By Analysts Following Strong Q1 Results
Benzinga
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Ittai Kidron
Oppenheimer
Price Target 80 USD
Upside/Downside 21%
View Source
John DiFucci
Guggenheim
Price Target 78 USD
Upside/Downside 18%
View Source
Ittai Kidron
Oppenheimer
Price Target 70 USD
Upside/Downside 5%
View Source
Lucky Schreiner
D.A. Davidson
Price Target 70 USD
Upside/Downside 5%
View Source
Daniel Ives
Wedbush
Price Target 68 USD
Upside/Downside 2%
View Source
Brent Thill
Jefferies
Price Target 55 USD
Upside/Downside 17%
View Source
Lucky Schreiner
D.A. Davidson
Price Target 65 USD
Upside/Downside 2%
View Source
Ittai Kidron
Oppenheimer
Price Target 66 USD
Upside/Downside 1%
View Source
Raymond McDonough
Guggenheim
Price Target 64 USD
Upside/Downside 4%
View Source
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Progress Software Corp Competitors:
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8% Downside

Revenue
Forecast

Revenue Estimate
Progress Software Corp

For the last 8 years the compound annual growth rate for Progress Software Corp's revenue is 8%. The projected CAGR for the next 3 years is 11%.

8%
Past Growth
11%
Estimated Growth
Estimates Accuracy
-5%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Progress Software Corp

For the last 8 years the compound annual growth rate for Progress Software Corp's operating income is 19%. The projected CAGR for the next 3 years is 41%.

19%
Past Growth
41%
Estimated Growth
Estimates Accuracy
-49%
Average Miss

Net Income
Forecast

Net Income Estimate
Progress Software Corp

The compound annual growth rate of Progress Software Corp's net income for the next 3 years is 55%.

N/A
Past Growth
55%
Estimated Growth
Estimates Accuracy
-54%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is PRGS's stock price target?
Price Target
74.46 USD

According to Wall Street analysts, the average 1-year price target for PRGS is 74.46 USD with a low forecast of 65.65 USD and a high forecast of 84 USD.

What is Progress Software Corp's Revenue forecast?
Projected CAGR
11%

For the last 8 years the compound annual growth rate for Progress Software Corp's revenue is 8%. The projected CAGR for the next 3 years is 11%.

What is Progress Software Corp's Operating Income forecast?
Projected CAGR
41%

For the last 8 years the compound annual growth rate for Progress Software Corp's operating income is 19%. The projected CAGR for the next 3 years is 41%.

What is Progress Software Corp's Net Income forecast?
Projected CAGR
55%

The compound annual growth rate of Progress Software Corp's net income for the next 3 years is 55%.

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