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Progress Software Corp has a consensus price target of $69.3 based on the ratings of 10 analysts. The high is $83 issued by Guggenheim on January 22, 2025. The low is $52 issued by Citigroup on March 30, 2022. The 3 most-recent analyst ratings were released by Guggenheim, DA Davidson, and Citigroup on January 22, 2025, January 21, 2025, and January 17, 2025, respectively. With an average price target of $75.33 between Guggenheim, DA Davidson, and Citigroup, there's an implied 27.12% 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 Guggenheim on January 22, 2025. The analyst firm set a price target for $83.00 expecting PRGS to rise to within 12 months (a possible 40.06% upside). 20 analyst firms have reported ratings in the last year.
The latest analyst rating for Progress Software (NASDAQ:PRGS) was provided by Guggenheim, and Progress Software reiterated 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 January 22, 2025 so you should expect the next rating to be made available sometime around January 22, 2026.
While ratings are subjective and will change, the latest Progress Software (PRGS) rating was a reiterated with a price target of $83.00 to $83.00. The current price Progress Software (PRGS) is trading at is $59.26, which is out of the analyst’s predicted range.
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