Stock Price & Analysis

Analysis and Insights

Based on the provided data, here's a concise analysis of PRGS stock:

Technical Analysis:

• RSI (14): 46.68, indicating a neutral position but showing bearish momentum.
• Fibonacci Levels: The stock is currently testing the first support level at $53.89, with resistance at $55.92.
• MACD: The MACD line is slightly below the signal line (-0.62), indicating bearish momentum, but the histogram shows a potential bullish divergence.

Valuation Analysis:

• Current Price: $54.57, near the lower end of its recent range.
• Analyst Ratings: Strong Buy ratings with a price target of $80, suggesting significant upside potential.

Conclusion:

• Buy: PRGS stock is near a critical support level and has strong analyst backing, making it a potential buy opportunity.

PRGS stock is predicted to reach $60 by year-end 2025, driven by strong analyst sentiment and strategic growth initiatives. The stock currently trades at $54.57, with Fibonacci resistance levels suggesting upward potential. Analysts maintain a Strong Buy consensus, targeting $70-$83, reflecting confidence in its long-term growth.

The S1 support level for PRGS Stock is $53.89 ,The R1 resistant level for PRGS Stock is $55.92.

As of the end of day on 2025-03-26, the price of PRGS Stock was $54.57.

The target price for PRGS Stock according to analyst rating is 73.60, with the highest price target at 83.00 and the lowest at 65.00. Analysts have a Moderate Buy rating on PRGS Stock overall.

The market cap of PRGS is $2.4B.

PRGS may be overvalued due to its high PE ratio of 31.26 and PB ratio of 4.03, which are above industry averages. However, its low RSI of 15.9 suggests it may be undervalued. Analysts maintain a Buy rating with a price target of $80, indicating confidence. Recent stock declines and low dividend yield of 1.2% could signal short-term concerns, but overall, PRGS appears fairly valued with growth potential.

Progress Software Corporation is a provider of infrastructure software. The Company provides software that enables organizations to develop and deploy their applications, as well as manage their data platforms, cloud and information technology infrastructure. Its global professional services organization delivers business solutions for customers through a combination of products, consulting and education. The Company's consulting organization offers project management, implementation services, custom software development, programming and other services. Its services include application modernization, infrastructure automation, development operations, data management and managed database services, performance enhancements and tuning, and analytics/business intelligence. Its products include OpenEdge, Chef, Developer Tools, Kemp LoadMaster, MOVEit, DataDirect, WhatsUp Gold, Sitefinity, Flowmon, Corticon, MarkLogic and Semaphore. Semaphore is a semantic artificial intelligence platform.

The price prediction for PRGS stock in 2030 is expected to reach $80 to $100. This forecast is based on current analyst price targets, which range up to $83, and the company's position in the growing software industry. PRGS's recent oversold status and potential for growth in AI-driven markets support this bullish outlook.

PRGS has a total of 2284 employees.