Progress Software Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Progress Software Corporation (NASDAQ: PRGS) will release earnings results for the third quarter, after the closing bell on Monday, Sept. 29.

Analysts expect the Burlington, Massachusetts-based company to report quarterly earnings at $1.30 per share, up from $1.26 per share in the year-ago period. Progress Software projects quarterly revenue of $240.11 million, compared to $178.69 million a year earlier, according to data from Benzinga Pro.

On June 30, Progress Software posted better-than-expected earnings for the second quarter.

Shares of Progress Software rose 0.2% to close at $41.20 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Citigroup analyst Fatima Boolani maintained a Neutral rating and cut the price target from $64 to $57 on July 15, 2025. This analyst has an accuracy rate of 78%.
• Wedbush analyst Daniel Ives reiterated an Outperform rating with a price target of $75 on July 1, 2025. This analyst has an accuracy rate of 83%.
• Guggenheim analyst John Difucci reiterated a Buy rating with a price target of $83 on April 1, 2025. This analyst has an accuracy rate of 68%.
• Jefferies analyst Brent Thill maintained a Hold rating and raised the price target from $65 to $70 on Jan. 6, 2025. This analyst has an accuracy rate of 77%.
• Oppenheimer analyst Ittai Kidron maintained an Outperform rating and boosted the price target from $70 to $80 on Oct. 22, 2025. This analyst has an accuracy rate of 71%

Considering buying PRGS stock? Here’s what analysts think:

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