Progress Software Corporation (PRGS) Forecast: Analyst Ratings & Targets

Latest PRGS Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Apr 1, 2026	Fatima Boolani	Citi	Maintains	Strong Buy	$60.00 → $46.00 -14.00 (-23.3%)
Mar 31, 2026	Dan Ives	Wedbush	Maintains	Buy	$65.00 → $45.00 -20.00 (-30.8%)
Mar 31, 2026	Brent Thill	Jefferies	Maintains	Hold	$45.00 → $34.00 -11.00 (-24.4%)
Mar 31, 2026	Ittai Kidron	Oppenheimer	Maintains	Buy	$70.00 → $57.00 -13.00 (-18.6%)
Mar 25, 2026	Lucky Schreiner	DA Davidson	Maintains	Strong Buy	$70.00 → $50.00 -20.00 (-28.6%)
Feb 4, 2026	Lucky Schreiner	DA Davidson	Maintains	Strong Buy	$70.00 → $70.00 +0.00 (0.0%)
Jan 22, 2026	Dan Ives	Wedbush	Maintains	Buy	$75.00 → $65.00 -10.00 (-13.3%)
Jan 22, 2026	Fatima Boolani	Citi	Maintains	Strong Buy	$54.00 → $60.00 +6.00 (11.1%)
Jan 16, 2026	Fatima Boolani	Citi	Maintains	Strong Buy	$57.00 → $54.00 -3.00 (-5.3%)
Jan 15, 2026	Lucky Schreiner	DA Davidson	Maintains	Strong Buy	$75.00 → $70.00 -5.00 (-6.7%)
Jan 5, 2026	Brent Thill	Jefferies	Maintains	Hold	$50.00 → $45.00 -5.00 (-10.0%)

Fatima Boolani

Citi

Strong BuyMaintains

$60.00 → $46.00

Apr 1

Dan Ives

Wedbush

BuyMaintains

$65.00 → $45.00

Mar 31

Brent Thill

Jefferies

HoldMaintains

$45.00 → $34.00

Mar 31

Ittai Kidron

Oppenheimer

BuyMaintains

$70.00 → $57.00

Mar 31

Lucky Schreiner

DA Davidson

Strong BuyMaintains

$70.00 → $50.00

Mar 25

Lucky Schreiner

DA Davidson

Strong BuyMaintains

$70.00 → $70.00

Feb 4

Dan Ives

Wedbush

BuyMaintains

$75.00 → $65.00

Jan 22

Fatima Boolani

Citi

Strong BuyMaintains

$54.00 → $60.00

Jan 22

Fatima Boolani

Citi

Strong BuyMaintains

$57.00 → $54.00

Jan 16

Lucky Schreiner

DA Davidson

Strong BuyMaintains

$75.00 → $70.00

Jan 15

Brent Thill

Jefferies

HoldMaintains

$50.00 → $45.00

Jan 5

Frequently Asked Questions

What is the analyst consensus rating for PRGS?

The analyst consensus rating for PRGS is "Strong Buy" based on 5 analyst recommendations.

What is the average price target for PRGS?

The average 12-month price target for PRGS is $46.40, representing an upside of 80.1% from the current price of $25.76.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.

Progress Software Corporation (PRGS) Analyst Forecast

Analyst Consensus Rating

Consensus Rating

Average Price Target

Latest PRGS Analyst Ratings & Recommendations

Frequently Asked Questions