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Progress Software Analyst Ratings and Price Targets | NASDAQ:PRGS | Benzinga
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 37.72% upside for Progress Software Corp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Guggenheim
DA Davidson
Citigroup
Jefferies
Oppenheimer
1calculated from analyst ratings
Analyst Ratings for Progress Software
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 01/22/2025 | Buy Now | 51.74% | Guggenheim | John Difucci67% | $83 → $83 | Reiterates | Buy → Buy | Get Alert |
| 01/21/2025 | Buy Now | 37.11% | DA Davidson | Lucky Schreiner32% | $75 → $75 | Maintains | Buy | Get Alert |
| 01/17/2025 | Buy Now | 24.31% | Citigroup | Fatima Boolani75% | $65 → $68 | Maintains | Neutral | Get Alert |
| 01/17/2025 | Buy Now | 51.74% | Guggenheim | John Difucci67% | $83 → $83 | Reiterates | Buy → Buy | Get Alert |
| 01/06/2025 | Buy Now | 27.97% | Jefferies | Brent Thill76% | $65 → $70 | Maintains | Hold | Get Alert |
| 10/22/2024 | Buy Now | 46.25% | Oppenheimer | Ittai Kidron68% | $70 → $80 | Maintains | Outperform | Get Alert |
| 09/25/2024 | Buy Now | 27.97% | Guggenheim | Raymond McDonough69% | $64 → $70 | Maintains | Buy | Get Alert |
| 09/25/2024 | Buy Now | 27.97% | DA Davidson | Lucky Schreiner32% | $65 → $70 | Maintains | Buy | Get Alert |
| 09/25/2024 | Buy Now | 27.97% | Oppenheimer | Ittai Kidron68% | $66 → $70 | Maintains | Outperform | Get Alert |
| 09/10/2024 | Buy Now | 18.83% | DA Davidson | Lucky Schreiner32% | $65 → $65 | Maintains | Buy | Get Alert |
| 09/10/2024 | Buy Now | 24.31% | Wedbush | Daniel Ives79% | $68 → $68 | Reiterates | Outperform → Outperform | Get Alert |
| 07/18/2024 | Buy Now | 24.31% | Wedbush | Daniel Ives79% | $67 → $68 | Maintains | Outperform | Get Alert |
| 06/26/2024 | Buy Now | 18.83% | DA Davidson | Lucky Schreiner32% | $65 → $65 | Maintains | Buy | Get Alert |
| 06/26/2024 | Buy Now | 20.66% | Oppenheimer | Ittai Kidron68% | $66 → $66 | Maintains | Outperform | Get Alert |
| 06/26/2024 | Buy Now | 0.55% | Jefferies | Brent Thill76% | $60 → $55 | Maintains | Hold | Get Alert |
| 06/25/2024 | Buy Now | 17% | Guggenheim | Raymond McDonough69% | $64 → $64 | Reiterates | Buy → Buy | Get Alert |
| 03/28/2024 | Buy Now | 18.83% | DA Davidson | Lucky Schreiner32% | → $65 | Initiates | → Buy | Get Alert |
| 03/27/2024 | Buy Now | 15.17% | JP Morgan | Pinjalim Bora61% | $65 → $63 | Maintains | Overweight | Get Alert |
| 03/27/2024 | Buy Now | 20.66% | Oppenheimer | Ittai Kidron68% | $66 → $66 | Maintains | Outperform | Get Alert |
| 02/23/2024 | Buy Now | 22.49% | Wedbush | Daniel Ives79% | $65 → $67 | Maintains | Outperform | Get Alert |
| 09/28/2023 | Buy Now | 18.83% | Wedbush | Daniel Ives79% | → $65 | Reiterates | Outperform → Outperform | Get Alert |
| 09/27/2023 | Buy Now | 18.83% | Wedbush | Daniel Ives79% | → $65 | Reiterates | Outperform → Outperform | Get Alert |
| 09/27/2023 | Buy Now | 20.66% | Oppenheimer | Ittai Kidron68% | → $66 | Reiterates | Outperform → Outperform | Get Alert |
| 09/19/2023 | Buy Now | 18.83% | Wedbush | Daniel Ives79% | → $65 | Reiterates | Outperform → Outperform | Get Alert |
| 08/08/2023 | Buy Now | 13.35% | Citigroup | Fatima Boolani75% | $57 → $62 | Maintains | Neutral | Get Alert |
| 06/30/2023 | Buy Now | 20.66% | Oppenheimer | Ittai Kidron68% | $63 → $66 | Maintains | Outperform | Get Alert |
| 03/30/2023 | Buy Now | 4.2% | Citigroup | Fatima Boolani75% | $54 → $57 | Maintains | Neutral | Get Alert |
| 03/29/2023 | Buy Now | 17% | Guggenheim | Raymond McDonough69% | → $64 | Reiterates | → Buy | Get Alert |
| 03/29/2023 | Buy Now | 18.83% | JP Morgan | Pinjalim Bora61% | $57 → $65 | Maintains | Overweight | Get Alert |
| 03/29/2023 | Buy Now | 15.17% | Oppenheimer | Ittai Kidron68% | $53 → $63 | Maintains | Outperform | Get Alert |
| 03/13/2023 | Buy Now | 17% | Guggenheim | John Healy70% | $60 → $64 | Maintains | Buy | Get Alert |
| 01/24/2023 | Buy Now | 9.69% | Guggenheim | Raymond McDonough69% | → $60 | Assumes | → Buy | Get Alert |
| 09/09/2022 | Buy Now | -4.94% | Jefferies | Brent Thill76% | → $52 | Initiates | → Hold | Get Alert |
| 08/12/2022 | Buy Now | 9.69% | Guggenheim | John Difucci67% | → $60 | Initiates | → Buy | Get Alert |
| 06/29/2022 | Buy Now | -3.11% | Oppenheimer | Ittai Kidron68% | $60 → $53 | Maintains | Outperform | Get Alert |
| 03/30/2022 | Buy Now | -4.94% | Citigroup | Tyler Radke67% | $48 → $52 | Maintains | Neutral | Get Alert |
FAQ
What is the target price for Progress Software (PRGS) stock?
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 51.74% upside). 19 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Progress Software (PRGS)?
The latest analyst rating for Progress Software (NASDAQ:PRGS) was provided by Guggenheim, and Progress Software reiterated their buy rating.
When was the last upgrade for Progress Software (PRGS)?
There is no last upgrade for Progress Software
When was the last downgrade for Progress Software (PRGS)?
There is no last downgrade for Progress Software.
When is the next analyst rating going to be posted or updated for Progress Software (PRGS)?
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.
Is the Analyst Rating Progress Software (PRGS) correct?
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 $54.70, which is out of the analyst’s predicted range.
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