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Progress Software Corp has a consensus price target of $61.9 based on the ratings of 10 analysts. The high is $68 issued by Wedbush on September 10, 2024. The low is $52 issued by Citigroup on March 30, 2022. The 3 most-recent analyst ratings were released by DA Davidson, Wedbush, and Wedbush on September 10, 2024, September 10, 2024, and July 18, 2024, respectively. With an average price target of $67 between DA Davidson, Wedbush, and Wedbush, there's an implied 16.34% upside for Progress Software Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Progress Software (NASDAQ:PRGS) was reported by DA Davidson on September 10, 2024. The analyst firm set a price target for $65.00 expecting PRGS to rise to within 12 months (a possible 12.87% upside). 14 analyst firms have reported ratings in the last year.
The latest analyst rating for Progress Software (NASDAQ:PRGS) was provided by DA Davidson, and Progress Software maintained their buy rating.
There is no last upgrade for Progress Software
There is no last downgrade for Progress Software.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Progress Software, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Progress Software was filed on September 10, 2024 so you should expect the next rating to be made available sometime around September 10, 2025.
While ratings are subjective and will change, the latest Progress Software (PRGS) rating was a maintained with a price target of $65.00 to $65.00. The current price Progress Software (PRGS) is trading at is $57.59, which is out of the analyst’s predicted range.
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