Progress Software Analyst Price Targets - Benzinga

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Progress Software Corp

PRGSNASDAQ

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$39.33

1.052.74%

Last update: Oct 9, 4:00 PM

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Progress Software Analyst Price Targets - Benzinga

Progress Software Analyst Price Targets

Wall Street analyst price targets and consensus rating for Progress Software (PRGS).

Price Target Range — 12 Quarters

Analyst Consensus — 7 Analysts

6Buy

1Hold

Consensus RatingBuy# Analysts7Avg. Consensus PT$57Upside to Avg. PT+44.4%

Rating Trend — Last 9 Months

Recent Analyst Actions

See all ratings →

Date	Firm	Analyst	Action	Rating Change	Price Target
Oct 2, 2026	DA Davidson	Lucky Schreiner	Maintained	Buy	$55
Aug 12, 2026	DA Davidson	Lucky Schreiner	PT Raise	Buy	$45→$55
Jul 23, 2026	DA Davidson	Lucky Schreiner	PT Raise	Buy	$40→$45
Jul 1, 2026	DA Davidson	Lucky Schreiner	Maintained	Buy	$40
Jul 1, 2026	Guggenheim	John Difucci	Maintained	Buy	$83
Jul 1, 2026	Oppenheimer	Ittai Kidron	PT Cut	Outperform	$57→$50
Apr 1, 2026	Citigroup	Fatima Boolani	PT Cut	Buy	$60→$46
Mar 31, 2026	DA Davidson	Lucky Schreiner	PT Cut	Buy	$50→$40
Mar 31, 2026	Jefferies	Brent Thill	PT Cut	Hold	$45→$34
Mar 31, 2026	Wedbush	Dan Ives	PT Cut	Outperform	$65→$45
Mar 31, 2026	Oppenheimer	Ittai Kidron	PT Cut	Outperform	$70→$57
Mar 25, 2026	DA Davidson	Lucky Schreiner	PT Cut	Buy	$70→$50
Feb 4, 2026	DA Davidson	Lucky Schreiner	Maintained	Buy	$70
Jan 22, 2026	Wedbush	Daniel Ives	PT Cut	Outperform	$75→$65
Jan 22, 2026	Citigroup	Fatima Boolani	PT Raise	Buy	$54→$60
Jan 16, 2026	Citigroup	Fatima Boolani	PT Cut	Buy	$57→$54
Jan 15, 2026	DA Davidson	Lucky Schreiner	PT Cut	Buy	$75→$70
Jan 5, 2026	Jefferies	Brent Thill	PT Cut	Hold	$50→$45
Oct 13, 2025	Citigroup	Fatima Boolani	Upgrade	Neutral→Buy	$57
Sep 30, 2025	DA Davidson	Lucky Schreiner	Maintained	Buy	$75

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Analyst Ratings News

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

Progress Software reports Q3 results Sept. 30; analysts expect EPS of $1.52 and revenue of $247.14M, while ratings remain mixed.

Avi Kapoor

PRO
DA Davidson Maintains Buy on Progress Software, Raises Price Target to $55

DA Davidson analyst Lucky Schreiner maintains Progress Software (NASDAQ:PRGS) with a Buy and raises the price target from $45 to $55.

Benzinga Newsdesk

PRO
DA Davidson Maintains Buy on Progress Software, Raises Price Target to $45

DA Davidson analyst Lucky Schreiner maintains Progress Software (NASDAQ:PRGS) with a Buy and raises the price target from $40 to $45.

Benzinga Newsdesk

PRO
Oppenheimer Maintains Outperform on Progress Software, Lowers Price Target to $50

Oppenheimer analyst Ittai Kidron maintains Progress Software (NASDAQ:PRGS) with a Outperform and lowers the price target from $57 to $50.

Benzinga Newsdesk

Top Wall Street Forecasters Revamp Progress Software Expectations Ahead Of Q2 Earnings

Progress Software (PRGS) to release Q2 earnings on June 30. Analysts expect earnings of $1.49/share and revenue of $242.74 million. Stock rose 4.3% on Tuesday.

Avi Kapoor

PRO
Citigroup Maintains Buy on Progress Software, Lowers Price Target to $46

Citigroup analyst Fatima Boolani maintains Progress Software (NASDAQ:PRGS) with a Buy and lowers the price target from $60 to $46.

Benzinga Newsdesk