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NASDAQ: PRGS
Progress Software Corp Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for PRGS

Based on 6 analysts offering 12 month price targets for Progress Software Corp.
Min Forecast
$52.00-9.68%
Avg Forecast
$56.83-1.28%
Max Forecast
$64.00+11.17%

Should I buy or sell PRGS stock?

Based on 6 analysts offering ratings for Progress Software Corp.
Buy
Strong Buy
3 analysts 50%
Buy
1 analysts 16.67%
Hold
2 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their PRGS stock forecasts and price targets.

PRGS stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Guggenheim
Bottom 9%
9
Strong BuyMaintains$64.00+11.17%2023-03-13Find out why
Guggenheim
Top 37%
64
Strong BuyAssumes$60.00+4.22%2023-01-24
Jefferies
Top 4%
97
HoldInitiates Coverage On$52.00-9.68%2022-09-09
Guggenheim
Top 5%
96
Strong BuyInitiates Coverage On$60.00+4.22%2022-08-12
Oppenheimer
Top 31%
70
BuyMaintains$53.00-7.94%2022-06-29
Citigroup
Bottom 17%
17
HoldMaintains$52.00-9.68%2022-03-30

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Forecast return on equity

Is PRGS forecast to generate an efficient return?
Company
N/A
Industry
0.4%
Market
29.08%

Forecast return on assets

Is PRGS forecast to generate an efficient return on assets?
Company
N/A
Industry
0.17%

PRGS earnings per share forecast

What is PRGS's earnings per share in the next 1 years based on estimates from 3 analysts?
Avg 1 year Forecast
$3.75+71.23%
PRGS's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

PRGS revenue forecast

What is PRGS's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$642.2M+6.67%
Avg 2 year Forecast
$446.1M-25.9%
Avg 3 year Forecast
$446.1M-25.9%
PRGS's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PRGS earnings growth forecast

How is PRGS forecast to perform vs Software - Application companies and vs the US market?
Company
46.39%
Industry
75.8%
Market
19.45%
PRGS's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
PRGS's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
PRGS's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

PRGS revenue growth forecast

How is PRGS forecast to perform vs Software - Application companies and vs the US market?
Company
-11.99%
Industry
20.01%
Market
8.82%
PRGS's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
PRGS's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

PRGS vs App Stocks

TickerPricePrice TargetUp/downsideConsensus
PRGS$57.57$56.83-1.28%Buy
INTA$39.27$34.29-12.69%Strong Buy
ALRM$49.87$72.60+45.58%Strong Buy
DCT$18.96$16.44-13.27%Hold
NCNO$22.74$37.30+64.03%Buy
View Top App Stocks

Progress Software Stock Forecast FAQ

Is Progress Software Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 6 Wall Street analysts covering (NASDAQ: PRGS) stock is to Buy PRGS stock.

Out of 6 analysts, 3 (50%) are recommending PRGS as a Strong Buy, 1 (16.67%) are recommending PRGS as a Buy, 2 (33.33%) are recommending PRGS as a Hold, 0 (0%) are recommending PRGS as a Sell, and 0 (0%) are recommending PRGS as a Strong Sell.

If you're new to stock investing, here's how to buy Progress Software stock.

What is PRGS's earnings growth forecast for 2023-2023?

(NASDAQ: PRGS) Progress Software's forecast annual earnings growth rate of 46.39% is not forecast to beat the US Software - Application industry's average forecast earnings growth rate of 75.8%, and while it is forecast to beat the US market's average forecast earnings growth rate of 19.45%.

Progress Software's earnings in 2023 is $95,069,000.

In 2023, PRGS is forecast to generate $162,544,826 in earnings, with the lowest earnings forecast at $162,111,373 and the highest earnings forecast at $162,978,279.

What is PRGS's revenue growth forecast for 2023-2025?

(NASDAQ: PRGS) Progress Software's forecast annual revenue growth rate of -11.99% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 20.01%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.82%.

Progress Software's revenue in 2023 is $602,013,000.On average, 2 Wall Street analysts forecast PRGS's revenue for 2023 to be $27,835,736,477, with the lowest PRGS revenue forecast at $27,797,332,553, and the highest PRGS revenue forecast at $27,874,140,402. On average, 1 Wall Street analysts forecast PRGS's revenue for 2024 to be $19,336,332,531, with the lowest PRGS revenue forecast at $19,336,332,531, and the highest PRGS revenue forecast at $19,336,332,531.

In 2025, PRGS is forecast to generate $19,336,332,531 in revenue, with the lowest revenue forecast at $19,336,332,531 and the highest revenue forecast at $19,336,332,531.

What is PRGS's forecast return on assets (ROA) for 2023-2026?

(NASDAQ: PRGS) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 0.17%.

What is PRGS's Price Target?

According to 6 Wall Street analysts that have issued a 1 year PRGS price target, the average PRGS price target is $56.83, with the highest PRGS stock price forecast at $64.00 and the lowest PRGS stock price forecast at $52.00.

On average, Wall Street analysts predict that Progress Software's share price could fall to $56.83 by Mar 13, 2024. The average Progress Software stock price prediction forecasts a potential downside of 1.28% from the current PRGS share price of $57.57.

What is PRGS's Earnings Per Share (EPS) forecast for 2023-2023?

(NASDAQ: PRGS) Progress Software's current Earnings Per Share (EPS) is $2.19. In 2023, PRGS's EPS is forecast to hit $3.75 (min: $3.74, max: $3.76).

What is PRGS's forecast return on equity (ROE) for 2023-2026?

(NASDAQ: PRGS) forecast ROE is N/A, which is considered weak.
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