Summary:
- Progress Software Corporation (PRGS, Financial) shows strong financial performance with a 48% increase in ARR and robust earnings per share.
- Analysts forecast significant upside potential, with an average price target of $74.67.
- GuruFocus estimates a promising 58.21% upside, emphasizing PRGS as a compelling investment opportunity.
Progress Software Corporation (PRGS) kicked off fiscal 2025 on a high note, marking an impressive 48% year-over-year increase in annualized recurring revenue (ARR), primarily driven by the performance of ShareFile. The company reported revenue of $238 million and earnings per share of $1.31, exceeding market expectations. An operating margin of 39% further highlights their efficient operations. PRGS also demonstrated shareholder commitment by repurchasing $30 million in shares. Looking ahead, the company forecasts Q2 revenue between $235 million and $241 million, with annual revenue projections reaching up to $970 million.
Wall Street Analysts Forecast
Wall Street analysts offer promising prospects for Progress Software Corp (PRGS, Financial). Based on one-year price targets from six analysts, the average target price is $74.67. The projections range from a high estimate of $83.00 to a low estimate of $65.00, implying a notable upside of 45.01% from the current trading price of $51.49. For additional estimate details, visit the Progress Software Corp (PRGS) Forecast page.
The consensus recommendation from seven brokerage firms positions Progress Software Corp (PRGS, Financial) with an average brokerage recommendation of 1.9, indicating strong "Outperform" status. This rating operates on a scale from 1 to 5, where 1 denotes Strong Buy and 5 indicates Sell.
According to GuruFocus estimates, the projected GF Value for Progress Software Corp (PRGS, Financial) in a year is estimated at $81.46. This implies a substantial upside of 58.21% from the present price of $51.49. The GF Value represents GuruFocus' fair value estimate, derived from historical trading multiples, past business growth, and future performance estimates. For more in-depth data, consult the Progress Software Corp (PRGS) Summary page.
