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Progress Software Corp has a consensus price target of $61.73 based on the ratings of 11 analysts. The high is $68 issued by Wedbush on July 18, 2024. The low is $52 issued by Citigroup on March 30, 2022. The 3 most-recent analyst ratings were released by Wedbush, DA Davidson, and Oppenheimer on July 18, 2024, June 26, 2024, and June 26, 2024, respectively. With an average price target of $66.33 between Wedbush, DA Davidson, and Oppenheimer, there's an implied 14.76% 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 Wedbush on July 18, 2024. The analyst firm set a price target for $68.00 expecting PRGS to rise to within 12 months (a possible 17.65% upside). 13 analyst firms have reported ratings in the last year.
The latest analyst rating for Progress Software (NASDAQ:PRGS) was provided by Wedbush, and Progress Software maintained their outperform 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 July 18, 2024 so you should expect the next rating to be made available sometime around July 18, 2025.
While ratings are subjective and will change, the latest Progress Software (PRGS) rating was a maintained with a price target of $67.00 to $68.00. The current price Progress Software (PRGS) is trading at is $57.80, which is out of the analyst’s predicted range.
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