On July 1, 2025, Daniel Ives, an analyst from Wedbush, reiterated an 'Outperform' rating for Progress Software (PRGS, Financial). The analyst has maintained the price target at $75.00 USD, indicating confidence in the company's future performance.
The current price target of $75.00 remains unchanged from the previous target set by Wedbush, reflecting a consistent outlook on the stock's potential in the market.
This reiteration comes as a confirmation of Progress Software's (PRGS, Financial) steady performance and potential for growth, as perceived by industry experts. Investors may view this as a positive indication for the stock's valuation in the near to mid-term.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Progress Software Corp (PRGS, Financial) is $72.83 with a high estimate of $83.00 and a low estimate of $60.00. The average target implies an upside of 13.96% from the current price of $63.91. More detailed estimate data can be found on the Progress Software Corp (PRGS) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Progress Software Corp's (PRGS, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Progress Software Corp (PRGS, Financial) in one year is $81.25, suggesting a upside of 27.13% from the current price of $63.91. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Progress Software Corp (PRGS) Summary page.
