Progress Software Corp
NASDAQ:PRGS

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Progress Software Corp
NASDAQ:PRGS
Watchlist
Price: 56.48 USD 1.58% Market Closed
Updated: Aug 14, 2024
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Wall Street
Price Targets

PRGS Price Targets Summary
Progress Software Corp

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 64.26 USD with a low forecast of 55.55 USD and a high forecast of 71.4 USD.

Lowest
Price Target
55.55 USD
2% Downside
Average
Price Target
64.26 USD
14% Upside
Highest
Price Target
71.4 USD
26% Upside

PRGS Last Price Targets
Progress Software Corp

The latest public price target was made on Jun 26, 2024 by Brent Thill from Jefferies , who expects PRGS stock to drop by 3% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Brent Thill
Jefferies
55 USD
Downside 3%
1 month ago
Jun 26, 2024
Progress Software price target lowered to $55 from $60 at Jefferies
TheFly
Lucky Schreiner
D.A. Davidson
65 USD
Upside 15%
4 months ago
Mar 27, 2024
DA Davidson Starts Progress Software (PRGS) at Buy
StreetInsider
Ittai Kidron
Oppenheimer
66 USD
Upside 17%
4 months ago
Mar 25, 2024
Progress Software Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga
Raymond McDonough
Guggenheim
64 USD
Upside 13%
1 year ago
Mar 29, 2023
Progress Software Gets Price Target Bumps By Analysts Following Strong Q1 Results
Benzinga
Brent Thill
Jefferies
Price Target 55 USD
Upside/Downside 3%
View Source
Lucky Schreiner
D.A. Davidson
Price Target 65 USD
Upside/Downside 15%
View Source
Ittai Kidron
Oppenheimer
Price Target 66 USD
Upside/Downside 17%
View Source
Raymond McDonough
Guggenheim
Price Target 64 USD
Upside/Downside 13%
View Source
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Revenue
Forecast

Revenue Estimate
Progress Software Corp

For the last 8 years the compound annual growth rate for Progress Software Corp's revenue is 8%. The projected CAGR for the next 3 years is 5%.

8%
Past Growth
5%
Estimated Growth
Estimates Accuracy
-5%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Progress Software Corp

For the last 8 years the compound annual growth rate for Progress Software Corp's operating income is 19%. The projected CAGR for the next 3 years is 35%.

19%
Past Growth
35%
Estimated Growth
Estimates Accuracy
-49%
Average Miss

Net Income
Forecast

Net Income Estimate
Progress Software Corp

The compound annual growth rate of Progress Software Corp's net income for the next 3 years is 49%.

N/A
Past Growth
49%
Estimated Growth
Estimates Accuracy
-54%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is PRGS's stock price target?
Price Target
64.26 USD

According to Wall Street analysts, the average 1-year price target for PRGS is 64.26 USD with a low forecast of 55.55 USD and a high forecast of 71.4 USD.

What is Progress Software Corp's Revenue forecast?
Projected CAGR
5%

For the last 8 years the compound annual growth rate for Progress Software Corp's revenue is 8%. The projected CAGR for the next 3 years is 5%.

What is Progress Software Corp's Operating Income forecast?
Projected CAGR
35%

For the last 8 years the compound annual growth rate for Progress Software Corp's operating income is 19%. The projected CAGR for the next 3 years is 35%.

What is Progress Software Corp's Net Income forecast?
Projected CAGR
49%

The compound annual growth rate of Progress Software Corp's net income for the next 3 years is 49%.

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