PRGS

Progress Software Corp

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Advanced Chart

41.960

-0.9(-2.100%)1D

Line

Candle

YTD

High

42.8301

Open

42.710

VWAP

42.21

Vol

638.18K

Mkt Cap

1.80B

Low

41.800

Amount

26.94M

EV/EBITDA(TTM)

9.87

Total Shares

43.22M

3.16B

EV/OCF(TTM)

16.45

P/S(TTM)

2.03

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.

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 1.13% over the past three months. During the same period, the stock price has changed by -5.47%.

Revenue Estimates for FY2025

Revise Upward

+1.13%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+3.48%

In Past 3 Month

Stock Price

Go Down

-5.47%

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: 41.960

Low

50.00

Averages

66.25

High

83.00

Current: 41.960

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.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Progress Software Corp (PRGS.O) is 7.74, compared to its 5-year average forward P/E of 11.88. For a more detailed relative valuation and DCF analysis to assess Progress Software Corp 's fair value, click here.

Forward PE
Forward EV/EBITDA
Forward PS

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.

Strongly Undervalued

5Y Average PE

11.88

Current PE

7.74

Overvalued PE

13.34

Undervalued PE

10.42

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.

N/A

5Y Average EV/EBITDA

9.73

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

13.08

Undervalued EV/EBITDA

6.39

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.

Strongly Overvalued

5Y Average PS

3.44

Current PS

42.86

Overvalued PS

6.25

Undervalued PS

0.62

Financials

Annual

Quarterly

FY2025Q3

YoY :

+39.80%

249.80M

Total Revenue

FY2025Q3

YoY :

+6.46%

46.25M

Operating Profit

FY2025Q3

YoY :

-31.80%

19.41M

Net Income after Tax

FY2025Q3

YoY :

-32.31%

0.44

EPS - Diluted

FY2025Q3

YoY :

+27.91%

72.39M

Free Cash Flow

FY2025Q3

YoY :

-7.38%

70.40

Gross Profit Margin - %

FY2025Q3

YoY :

-35.63%

19.82

FCF Margin - %

FY2025Q3

YoY :

-51.22%

7.77

Net Margin - %

FY2025Q3

YoY :

-29.63%

6.27

ROIC

Trading Trends

Insider
Hedge Fund
Congress Trading

Insider

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

Sold

0-3

Months

339.3K

USD

3-6

Months

465.6K

USD

6-9

Months

2.6M

USD

0-12

Months

1.5M

USD

Bought

0-3

0.0

USD

Months

3-6

428.2K

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Hedge Fund

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

Sold

0-3

Months

0.0

Volume

3-6

Months

0.0

Volume

6-9

Months

0.0

Volume

0-12

Months

17.6K

Volume

Bought

0-3

0.0

Volume

Months

3-6

0.0

Volume

Months

6-9

0.0

Volume

Months

0-12

0.0

Volume

Months

Congress Trading

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

Sold

0-3

Months

0.0

USD

3-6

Months

8.0K

USD

6-9

Months

0.0

USD

0-12

Months

0.0

USD

Bought

0-3

0.0

USD

Months

3-6

8.0K

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

Insider

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

Sold

0-3

Months

339.3K

USD

3-6

Months

465.6K

USD

6-9

Months

2.6M

USD

0-12

Months

1.5M

USD

Bought

0-3

0.0

USD

Months

3-6

428.2K

USD

Months

6-9

0.0

USD

Months

0-12

0.0

USD

Months

PRGS News & Events

Events Timeline

2025-10-29 (ET)

2025-10-29

09:13:00

Progress Software subsidiary attains 'Awardable' status via CDAO TSM

2025-10-15 (ET)

2025-10-15

09:02:11

Progress Software unveils Progress Automate MFT

2025-10-01 (ET)

2025-10-01

09:12:39

Progress Software enhances its footprint in Costa Rica by establishing a new Center of Excellence.

News

6.0

10-29Newsfilter

Progress Federal Solutions Recognized as "Awardable" Vendor for U.S. Department of Defense's Chief Digital and Artificial Intelligence Office Tradewinds Solutions Marketplace