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NVDA   172.58 (+0.52%)
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AMZN   89.48 (-0.96%)
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NVDA   172.58 (+0.52%)
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BABA   92.29 (-2.00%)
AMD   69.44 (-1.46%)
T   19.17 (+0.26%)
MU   55.48 (+0.51%)
CGC   2.92 (-5.50%)
F   13.21 (+0.69%)
GE   82.17 (-1.75%)
DIS   94.01 (+1.58%)
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PFE   51.88 (+0.19%)
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NASDAQ:PRGS

Progress Software - PRGS Price Target & Analyst Ratings

$52.00
+0.06 (+0.12%)
(As of 12/9/2022 02:03 PM ET)
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Compare
Today's Range
$51.56
$52.04
50-Day Range
$42.55
$54.01
52-Week Range
$40.33
$54.23
Volume
1,921 shs
Average Volume
189,664 shs
Market Capitalization
$2.24 billion
P/E Ratio
26.67
Dividend Yield
1.36%
Price Target
$52.75

Progress Software Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Moderate Buy
Based on 5 Analyst Ratings

Consensus Analyst Price Target

$52.75
1.44% Upside
High Prediction$60.00
Average Prediction$52.75
Low Prediction$46.00
TypeCurrent
12/9/21 to 12/9/22
1 Month Ago
11/9/21 to 11/9/22
3 Months Ago
9/10/21 to 9/10/22
1 Year Ago
12/9/20 to 12/9/21
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$52.75$52.75$55.40$56.20
Predicted Upside1.44% Upside12.47% Upside15.33% Upside18.08% Upside
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PRGS Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PRGS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Progress Software Stock vs. The Competition

TypeProgress SoftwareComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.60
2.56
2.48
Consensus RatingModerate BuyBuyHold
Predicted Upside1.56% Upside133.37% Upside14.87% Upside
News Sentiment RatingPositive News
Neutral News
Neutral News
MarketBeat
Community Rating
Outperform Votes
416
64.00%
Underperform Votes
234
36.00%
Avg. Outperform Votes
220
66.67%
Avg. Underperform Votes
110
33.33%
Avg. Outperform Votes
853
68.13%
Avg. Underperform Votes
399
31.87%

Historical Target Prices and Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/29/2022Citigroup
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 Lower Target$52.00 ➝ $46.00+8.62%
9/9/2022Jefferies Financial Group
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 Initiated CoverageHold$52.00+11.42%
8/12/2022Guggenheim
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 Initiated CoverageBuy$60.00+25.37%
6/29/2022Wedbush
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D. Ives
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Reiterated RatingOutperform
6/29/2022Oppenheimer
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 Lower TargetOutperform$60.00 ➝ $53.00+8.61%
10/22/2021JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageOverweight$60.00+18.46%
6/26/2020Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy$39.00 ➝ $43.00+9.78%
(Data available from 12/9/2017 forward. View 10+ years of historical ratings with our analyst ratings screener.)












PRGS Price Target - Frequently Asked Questions

What is Progress Software's consensus rating and price target?

According to the issued ratings of 5 analysts in the last year, the consensus rating for Progress Software stock is Moderate Buy based on the current 2 hold ratings and 3 buy ratings for PRGS. The average twelve-month price prediction for Progress Software is $52.75 with a high price target of $60.00 and a low price target of $46.00. Learn more on PRGS's analyst rating history.

Do Wall Street analysts like Progress Software more than its competitors?

Analysts like Progress Software more than other Computer and Technology companies. The consensus rating for Progress Software is Moderate Buy while the average consensus rating for computer and technology companies is Buy. Learn more on how PRGS compares to other companies.

Do MarketBeat users like Progress Software more than its competitors?

MarketBeat users like Progress Software less than other Computer and Technology companies. 64.00% of MarketBeat users gave Progress Software an outperform vote while computer and technology companies recieve an average of 66.67% outperform votes by MarketBeat users.

Does Progress Software's stock price have much upside?

According to analysts, Progress Software's stock has a predicted upside of 12.47% based on their 12-month price targets.

What analysts cover Progress Software?

Progress Software has been rated by Citigroup in the past 90 days.


Stock Ratings Reports and Tools

This page (NASDAQ:PRGS) was last updated on 12/9/2022 by MarketBeat.com Staff