Progress Software Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for Progress Software stock have an average target of 68, with a low estimate of 50 and a high estimate of 83. The average target predicts an increase of 56.18% from the current stock price of 43.54.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$50	$68	$75	$83
Change	+14.84%	+56.18%	+72.26%	+90.63%

* Price targets were last updated on Oct 13, 2025.

Analyst Ratings

The average analyst rating for Progress Software stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25
Strong Buy	3	3	3	2	3	3
Buy	2	2	2	2	2	1
Hold	2	2	2	2	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	7	7	7	6	6	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Fatima Boolani Citigroup	Citigroup	Hold → Strong Buy Upgrades $57	Hold → Strong Buy	Upgrades	$57	+30.91%	Oct 13, 2025
Lucky Schreiner DA Davidson	DA Davidson	Strong Buy Maintains $75	Strong Buy	Maintains	$75	+72.26%	Sep 30, 2025
Brent Thill Jefferies	Jefferies	Hold Maintains $60 → $50	Hold	Maintains	$60 → $50	+14.84%	Sep 30, 2025
Fatima Boolani Citigroup	Citigroup	Hold Maintains $64 → $57	Hold	Maintains	$64 → $57	+30.91%	Jul 15, 2025
Lucky Schreiner DA Davidson	DA Davidson	Strong Buy Maintains $70 → $75	Strong Buy	Maintains	$70 → $75	+72.26%	Jul 1, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

997.66M

from 753.41M

32.42%

from 753.41M

Revenue Next Year

1.01B

from 997.66M

1.44%

from 997.66M

EPS This Year

5.64

from 1.54

266.11%

from 1.54

EPS Next Year

5.79

from 5.64

2.76%

from 5.64

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Nov 30, 2020	Nov 30, 2021	Nov 30, 2022	Nov 30, 2023	Nov 30, 2024	Nov 30, 2025	Nov 30, 2026
Revenue	442.15M	531.31M	602.01M	694.44M	753.41M	997.66M	1.01B
Revenue Growth	6.98%	20.17%	13.31%	15.35%	8.49%	32.42%	1.44%
EPS	1.76	1.76	2.15	1.57	1.54	5.64	5.79
EPS Growth	203.45%	-	22.16%	-26.98%	-1.91%	266.11%	2.76%
Forward PE	-	-	-	-	-	7.72	7.52
No. Analysts	-	-	-	-	-	8	8

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	1.0B	1.1B
Avg	997.7M	1.0B
Low	956.6M	965.2M

Revenue Growth

Revenue Growth	2025	2026
High	36.6%	5.8%
Avg	32.4%	1.4%
Low	27.0%	-3.3%

EPS Forecast

EPS	2025	2026
High	5.83	6.17
Avg	5.64	5.79
Low	5.39	5.45

EPS Growth

EPS Growth	2025	2026
High	278.4%	9.5%
Avg	266.1%	2.8%
Low	250.1%	-3.3%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.