Progress Software (PRGS) Stock Forecast & Price Target

$66.38 +0.46 (+0.70%)

(As of 12/20/2024 05:16 PM ET)

Progress Software - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 6 Analyst Ratings

Sell
0

Hold
1

Buy
5

Based on 6 Wall Street analysts who have issued ratings for Progress Software in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 1 has given a hold rating, and 5 have given a buy rating for PRGS.

Consensus Price Target

$67.67
1.94% Upside

According to the 6 analysts' twelve-month price targets for Progress Software, the average price target is $67.67. The highest price target for PRGS is $80.00, while the lowest price target for PRGS is $55.00. The average price target represents a forecasted upside of 1.94% from the current price of $66.38.

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PRGS Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$67.67	$67.67	$63.50	$64.40
Forecasted Upside	1.94% Upside	-2.29% Downside	11.64% Upside	17.24% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PRGS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PRGS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Progress Software Stock vs. The Competition

Type	Progress Software	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.83	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	1.94% Upside	265.04% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent PRGS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/22/2024	Oppenheimer 3 of 5 stars	Boost Target	Outperform ➝ Outperform	$70.00 ➝ $80.00	+22.46%
9/25/2024	Guggenheim 2 of 5 stars	Boost Target	Buy ➝ Buy	$64.00 ➝ $70.00	+7.89%
9/25/2024	DA Davidson 3 of 5 stars	Boost Target	Buy ➝ Buy	$65.00 ➝ $70.00	+9.55%
9/10/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$68.00 ➝ $68.00	+19.78%
6/26/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$60.00 ➝ $55.00	+12.94%
3/27/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$65.00 ➝ $63.00	+20.53%
Get the Latest News and Ratings for PRGS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Progress Software and its competitors with MarketBeat's FREE daily newsletter.
8/8/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$57.00 ➝ $62.00	+1.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:29 PM ET.

PRGS Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Progress Software is $67.67, with a high forecast of $80.00 and a low forecast of $55.00.
: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Progress Software in the last twelve months. There is currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PRGS shares.
: According to analysts, Progress Software's stock has a predicted upside of 1.94% based on their 12-month stock forecasts.
: Progress Software has been rated by research analysts at DA Davidson, Guggenheim, and Oppenheimer in the past 90 days.
: Analysts like Progress Software more than other "computer and technology" companies. The consensus rating score for Progress Software is 2.83 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how PRGS compares to other companies.

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This page (NASDAQ:PRGS) was last updated on 12/22/2024 by MarketBeat.com Staff

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Progress Software (PRGS) Stock Forecast & Price Target