Progress Software (PRGS) analyst forecast and price target
Analyst forecast
Consensus of 5 analyst ratings
Based on 3 analyst targets
Recent analyst ratings
| Firm | Action | Rating | Price target | Date |
|---|---|---|---|---|
| DA Davidson | Maintained | Buy | $55.00 from $45.00 | Aug 12, 2026 |
| DA Davidson | Maintained | Buy | $45.00 from $40.00 | Jul 23, 2026 |
| Oppenheimer | Maintained | Outperform | $50.00 from $57.00 | Jul 1, 2026 |
| Guggenheim | Maintained | Buy | $83.00 | Jul 1, 2026 |
| DA Davidson | Maintained | Buy | $40.00 | Jul 1, 2026 |
| Citigroup | Maintained | Buy | $46.00 from $60.00 | Apr 1, 2026 |
| Oppenheimer | Maintained | Outperform | $57.00 from $70.00 | Mar 31, 2026 |
| Wedbush | Maintained | Outperform | $45.00 from $65.00 | Mar 31, 2026 |
| Jefferies | Maintained | Hold | $34.00 from $45.00 | Mar 31, 2026 |
| DA Davidson | Maintained | Buy | $50.00 from $70.00 | Mar 25, 2026 |
| DA Davidson | Maintained | Buy | $70.00 | Feb 4, 2026 |
| Wedbush | Maintained | Outperform | $65.00 from $75.00 | Jan 22, 2026 |
| Citigroup | Maintained | Buy | $60.00 from $54.00 | Jan 22, 2026 |
| Citigroup | Maintained | Buy | $54.00 from $57.00 | Jan 16, 2026 |
| DA Davidson | Maintained | Buy | $70.00 from $75.00 | Jan 15, 2026 |
| Jefferies | Maintained | Hold | $45.00 from $50.00 | Jan 5, 2026 |
| Citigroup | Upgraded | Neutral → Buy | $57.00 | Oct 13, 2025 |
| Jefferies | Maintained | Hold | $50.00 from $60.00 | Sep 30, 2025 |
| DA Davidson | Maintained | Buy | $75.00 | Sep 30, 2025 |
| Citigroup | Maintained | Neutral | $57.00 from $64.00 | Jul 15, 2025 |
Frequently asked questions
What is the price target for PRGS stock?
The average 12-month analyst price target for Progress Software (PRGS) is $62.67, with a high estimate of $83.00 and a low of $50.00, across 3 analysts.
Is PRGS a buy, sell, or hold?
Analysts covering Progress Software currently average a Buy rating: 5 buy, 0 hold and 0 sell, from 5 analysts. Ratings reflect analyst opinion, not investment advice.
What upside do analysts see for PRGS?
The average price target of $62.67 implies 35.91% upside from the last price of $46.11.
What is the latest analyst rating on PRGS?
On Aug 12, 2026, DA Davidson maintained Progress Software at Buy with a price target of $55.00.
Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.