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

OverviewForecast
EarningsDividendOwnership

Analyst price target for PRGS

Based on 3 analysts offering 12 month price targets for Progress Software Corp.
Min Forecast
$62.00+15.11%
Avg Forecast
$64.33+19.44%
Max Forecast
$66.00+22.54%

Should I buy or sell PRGS stock?

Based on 3 analysts offering ratings for Progress Software Corp.
Buy
Strong Buy
0 analysts 0%
Buy
2 analysts 66.67%
Hold
1 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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PRGS stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-09-28
lockedlocked$00.00+00.00%2023-09-27
lockedlocked$00.00+00.00%2023-08-08

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Forecast return on equity

Is PRGS forecast to generate an efficient return?

Forecast return on assets

Is PRGS forecast to generate an efficient return on assets?

PRGS revenue forecast

What is PRGS's revenue in the next 2 years based on estimates from 4 analysts?
Avg 1 year Forecast
$730.4M+8.27%
Avg 2 year Forecast
$785.9M+16.49%
PRGS's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PRGS revenue growth forecast

How is PRGS forecast to perform vs Software - Application companies and vs the US market?
Company
7.64%
Industry
11.81%
Market
7.51%
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$53.86$64.33+19.44%Buy
LSPD$16.07$18.73+16.53%Buy
AGYS$86.09$87.33+1.44%Buy
ALKT$22.77$21.25-6.68%Strong Buy
FSLY$16.61$16.40-1.26%Hold
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 3 Wall Street analysts covering (NASDAQ: PRGS) stock is to Buy PRGS stock.

Out of 3 analysts, 0 (0%) are recommending PRGS as a Strong Buy, 2 (66.67%) are recommending PRGS as a Buy, 1 (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 revenue growth forecast for 2024-2025?

(NASDAQ: PRGS) Progress Software's forecast annual revenue growth rate of 7.64% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 11.81%, and while it is forecast to beat the US market's average forecast revenue growth rate of 7.51%.

Progress Software's revenue in 2023 is $674,596,000.On average, 4 Wall Street analysts forecast PRGS's revenue for 2024 to be $31,818,168,278, with the lowest PRGS revenue forecast at $31,766,107,689, and the highest PRGS revenue forecast at $31,907,259,410.

In 2025, PRGS is forecast to generate $34,236,480,634 in revenue, with the lowest revenue forecast at $32,562,046,561 and the highest revenue forecast at $35,910,914,708.

What is PRGS's forecast return on assets (ROA) for 2024-2026?

(NASDAQ: PRGS) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 0.32%.

What is PRGS's Price Target?

According to 3 Wall Street analysts that have issued a 1 year PRGS price target, the average PRGS price target is $64.33, with the highest PRGS stock price forecast at $66.00 and the lowest PRGS stock price forecast at $62.00.

On average, Wall Street analysts predict that Progress Software's share price could reach $64.33 by Sep 28, 2024. The average Progress Software stock price prediction forecasts a potential upside of 19.44% from the current PRGS share price of $53.86.

What is PRGS's forecast return on equity (ROE) for 2024-2026?

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