Progress Software Shares Surge Following Impressive Q3 Earnings and Upgraded Forecast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 29 2025
0mins
Source: Benzinga
Strong Q3 Financial Performance: Progress Software Corp reported Q3 revenue of $249.8 million, exceeding estimates, with a 40% year-over-year increase and adjusted EPS of $1.50, surpassing expectations of $1.30.
Positive Future Guidance: The company raised its full-year 2025 revenue guidance to $975-$981 million and adjusted earnings outlook to $5.50-$5.56 per share, while also increasing its buyback authorization by $200 million.
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Analyst Views on PRGS
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 45.00 USD with a low forecast of 45.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 41.410
Low
45.00
Averages
45.00
High
45.00
Current: 41.410
Low
45.00
Averages
45.00
High
45.00
About PRGS
Progress Software Corporation is a provider of artificial intelligence (AI)-powered digital experience and infrastructure software. The Company provides software products that enable its customers to develop, deploy and manage responsible AI-powered applications and digital experiences. It also offers retrieval-augmented generation (RAG) -as-a-service products, enabling organizations to automatically leverage their own proprietary business information to retrieve verifiable, accurate answers using GenAI. Its products include Sitefinity, Corticon, MOVEit, ShareFile, Podio, Kendo UI, Telerik, Kemp LoadMaster, Flowmon, WhatsUp Gold, Chef Infrastructure Management, Chef Desktop, Chef App Delivery, MarkLogic, Semaphore, OpenEdge, DataDirect Connectors, Hybrid Data Pipeline, OpenAccess, and MOVEit Cloud. Corticon is a decision automation platform that transforms user experiences by streamlining and automating complex business rules without having to code.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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