PRGS Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

252.86M

+17.63%

1.313

-1.31%

243.59M

+2.34%

1.412

+7.82%

241.40M

+1.7%

1.375

-1.81%

Estimates Revision

The market is revising Upward the revenue expectations for Progress Software Corporation (PRGS) for FY2025, with the revenue forecasts being adjusted by 1% over the past three months. During the same period, the stock price has changed by 5.77%.

Revenue Estimates for FY2025

Revise Upward

+1%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+3.16%

In Past 3 Month

Stock Price

Go Up

+5.77%

In Past 3 Month

4 Analyst Rating

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 66.25 USD with a low forecast of 50.00 USD and a high forecast of 83.00 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.

3 Buy

1 Hold

0 Sell

Strong Buy

Current: 43.820

Low

50.00

Averages

66.25

High

83.00

Current: 43.820

Low

50.00

Averages

66.25

High

83.00

Jefferies

Hold

downgrade

$60 -> $55

2025-09-30

Reason

Jefferies

Price Target

$60 -> $55

2025-09-30

downgrade

Hold

Reason

Jefferies lowered the firm's price target on Progress Software to $55 from $60 and keeps a Hold rating on the shares. The firm says the company reported strong fiscal Q3 results with a revenue beat driven by broad-based product strength. Progress spoke to continued progress with the ShareFile integration, and its fiscal 2025 outlook reflected a pass-through of the Q3 beat with no change to Q4 expectations, the analyst tells investors in a research note. Jefferies still sees limited catalysts for the company accelerate pro-forma growth.

DA Davidson

Lucky Schreiner

Buy

maintain

$75

2025-09-30

Reason

DA Davidson

Lucky Schreiner

Price Target

$75

2025-09-30

maintain

Buy

Reason

DA Davidson analyst Lucky Schreiner keeps a Buy rating and $75 price target on Progress Software after its Q3 earnings beat. The company continues to execute well reporting another quarter of strength in the business benefiting from tailwinds to demand as customers adopt new AI capabilities and look to reduce IT complexity, and the firm continues to believe Progress can deliver strong inorganic growth while maintaining low organic growth and best-in class margins, the analyst tells investors in a research note.

Jefferies

Brent Thill

Hold

downgrade

$60 -> $50

2025-09-30

Reason

Jefferies

Brent Thill

Price Target

$60 -> $50

2025-09-30

downgrade

Hold

Reason

Jefferies analyst Brent Thill lowered the firm's price target on Progress Software to $50 from $60 and keeps a Hold rating on the shares. The firm says the company reported strong fiscal Q3 results with a revenue beat driven by broad-based product strength. Progress spoke to continued progress with the ShareFile integration, and its fiscal 2025 outlook reflected a pass-through of the Q3 beat with no change to Q4 expectations, the analyst tells investors in a research note. Jefferies still sees limited catalysts for the company accelerate pro-forma growth.

Citi

Neutral

downgrade

$64 -> $57

2025-07-15

Reason

Citi

Price Target

$64 -> $57

2025-07-15

downgrade

Neutral

Reason

Citi lowered the firm's price target on Progress Software to $57 from $64 and keeps a Neutral rating on the shares. The firm updated the company's model post the Q2 report.

DA Davidson

Buy

maintain

$70 -> $75

2025-07-01

Reason

DA Davidson

Price Target

$70 -> $75

2025-07-01

maintain

Buy

Reason

DA Davidson raised the firm's price target on Progress Software to $75 from $70 and keeps a Buy rating on the shares. The company reported another quarter of consistent strength in the business while at the same time announced its acquisition of Nuclia, a RAG as a service provider which will provide complimentary capabilities to the entire Progress platform, the analyst tells investors in a research note. Progress Software's integration of ShareFile also continues to track ahead of schedule, the firm added.

DA Davidson

Lucky Schreiner

Strong Buy

Maintains

$75 → $70

2025-04-14

Reason

DA Davidson

Lucky Schreiner

Price Target

$75 → $70

2025-04-14

Maintains

Strong Buy

Reason

DA Davidson analyst Lucky Schreiner lowered the firm's price target on Progress Software to $70 from $75 and keeps a Buy rating on the shares as part of a broader research note updating estimates within the firm's coverage of the Software group. The firm is now assuming a base case of one or two quarters of negative GDP in the US this year, which will translate to lower growth and has already translated to lower valuations, the analyst tells investors in a research note. DA Davidson adds that regardless of how the current tariff regime plays out, it sees a slowdown in consumer activity and corporate investment, at least for the next couple of quarters.

Valuation Metrics

The current forward P/E ratio for Progress Software Corp (PRGS.O) is 8.09, compared to its 5-year average forward P/E of 11.77. For a more detailed relative valuation and DCF analysis to assess Progress Software Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

5Y Average PE

11.77

Current PE

8.09

Overvalued PE

13.36

Undervalued PE

10.18

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

9.75

Current EV/EBITDA

6.23

Overvalued EV/EBITDA

12.96

Undervalued EV/EBITDA

6.55

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

3.18

Current PS

1.94

Overvalued PS

3.69

Undervalued PS

2.68

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

PRGS News & Events

Events Timeline

No data

News

3.5

12-10Newsfilter

Progress Software Launches AI-Driven Development Tools, Reducing Development Cycles by 50%

2.0

11-19NASDAQ.COM

RSI Alert: Progress Software (PRGS) Enters Oversold Territory

5.0

11-19Newsfilter

Progress Software Launches RAG-as-a-Service Platform on AWS Marketplace

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Frequently Asked Questions

What is Progress Software Corp (PRGS) stock price today?

The current price of PRGS is 43.82 USD — it has decreased -2.19 % in the last trading day.

What is Progress Software Corp (PRGS)'s business?

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.

What is the price predicton of PRGS Stock?

What is Progress Software Corp (PRGS)'s revenue for the last quarter?

Progress Software Corp revenue for the last quarter amounts to 249.80M USD, increased 39.80 % YoY.

What is Progress Software Corp (PRGS)'s earnings per share (EPS) for the last quarter?

Progress Software Corp. EPS for the last quarter amounts to 0.44 USD, decreased -32.31 % YoY.

What changes have occurred in the market's expectations for Progress Software Corp (PRGS)'s fundamentals?

How many employees does Progress Software Corp (PRGS). have?

Progress Software Corp (PRGS) has 2815 emplpoyees as of December 15 2025.

What is Progress Software Corp (PRGS) market cap?

Today PRGS has the market capitalization of 1.92B USD.