Progress Software Corporation
Progress Software Corporation (PRGS) Stock Forecast & Analyst Price Target
Wall Street consensus, 12-month price targets, model projections, and EPS/revenue estimates — from analyst data and price history.
prgs · stock forecast · 13 analysts (3M) · FMP · updated Jun 8, 2026
Analyst Rating & Consensus
Based on 13 Wall Street analysts in the past 3 months
Buy
13 analysts
consensus
Rating Breakdown
12-Month Price Target
High
$45.00
Consensus
$45.00
+44.0% upside
Low
$45.00
Median: $45 · Last Close: $31.24
12-Month Price Target Forecast
Historical closing prices + analyst 12-month price target forecast cone
Short-Term Price Prediction
Algorithmically generated · Updated daily
| Date | Predicted Price | Change |
|---|---|---|
| 2026-06-09 | $32.66 | ↑ 4.55% |
1-day model range: $32.46–$32.87. Peak: $32.87 (+4.55%).
Long-Term Stock Price Prediction
Annual stock price forecast · 2027 / 2028 / 2029 / 2030 / 2031
| Year | Avg Price | Change |
|---|---|---|
| 2027 | $25 | -19.6% |
| 2028 | $22 | -28.2% |
| 2029 | $21 | -32.5% |
| 2030 | $20 | -34.7% |
| 2031 | — | -35.9% |
Stock Forecast Based on Technical Analysis
14 TA signals (SMA×6 + EMA×6 + RSI + MACD) · EEAT method transparency
Market Sentiment
BEARISH
Based on 14 technical indicators
Refreshes daily from EOD close
Moving Averages · PRGS · Jun 8, 2026
Latest Analyst Ratings & Upgrades
| Date | Brokerage | Action | Rating |
|---|---|---|---|
| 2026-04-01 | Citigroup | Maintains | Buy→Buy |
| 2026-03-31 | Wedbush | Maintains | Outperform→Outperform |
| 2026-03-31 | Jefferies | Maintains | Hold→Hold |
| 2026-03-31 | Oppenheimer | Maintains | Outperform→Outperform |
| 2026-03-25 | DA Davidson | Maintains | Buy→Buy |
| 2026-02-04 | DA Davidson | Maintains | Buy→Buy |
| 2026-01-22 | Citigroup | Maintains | Buy→Buy |
| 2026-01-22 | Wedbush | Maintains | Outperform→Outperform |
| 2026-01-16 | Citigroup | Maintains | Buy→Buy |
| 2026-01-15 | DA Davidson | Maintains | Buy→Buy |
Wall Street analysts have recently issued updated ratings on Progress Software Corporation (PRGS) stock. Of the recent 82 rating actions, 4 were upgrades and 4 were downgrades. 13 analysts currently cover PRGS.
Analyst Recommendation Trends
PRGS analyst recommendation trends show stable buy-side sentiment over the past 6 months. Buy rating actions changed from 1 to 1 per month.
Financial Forecast: EPS & Revenue Estimates
Revenue This Year
$750M
↓ 24.6% YoY
Revenue Next Year
$978M
↑ 30.5% YoY
EPS This Year
$4.82
EPS Next Year
$5.53
↑ 14.8% YoY
EPS ForecastReported vs Estimated
Analysts forecast PRGS EPS of $4.82 for the current fiscal year, based on estimates from 6 analysts. The PRGS revenue forecast is $750M for the current year. These are analyst consensus estimates via FMP / S&P Global.
About Forecast & Price Prediction
The PRGS stock forecast is supported by two independent data sources: analyst consensus ratings from 13 Wall Street analysts (S&P Global / FMP), and technical analysis calculated from historical EOD price data. The consensus PRGS price target is $45.00 (+44.0% upside), with an analyst consensus of Buy.
The PRGS short-term stock prediction for tomorrow is $32.66 (+4.55%). The PRGS stock price prediction for 2027 estimates an average of $25. The PRGS stock prediction for 2030 projects a range of $19–$22.
Progress Software Corporation trades on NASDAQ under the ticker PRGS. The PRGS stock outlook for 2027 is broadly positive, supported by a Buy consensus among 54% of covering analysts.
Frequently asked questions
PRGS forecast · 8 questionsAccording to 13 Wall Street analysts, the average 12-month PRGS price target is $45.00, with a high forecast of $45.00 and a low of $45.00. The median price target is shown in the chart above when available. This implies +44.0% potential upside from the current price of $31.24.
· Analyst data: Financial Modeling Prep (FMP) · S&P Global Market Intelligence · Technical analysis: FMP /historical-price-eod/light · Updated: Hourly (analyst) · Daily (technical)
⚠ This information is provided for informational purposes only and does not constitute investment advice. Short-term and long-term price predictions are algorithmically generated and carry significant uncertainty. Past performance does not guarantee future results. Always conduct your own due diligence before making investment decisions.