Progress Software Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Progress Software stock have an average target of 49.5, with a low estimate of 34 and a high estimate of 65. The average target predicts an increase of 78.25% from the current stock price of 27.77.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$34	$49.5	$50	$65
Change	+22.43%	+78.25%	+80.05%	+134.07%

Analyst Ratings

The average analyst rating for Progress Software stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26
Strong Buy	3	3	3	3	3	2
Buy	2	2	1	1	3	3
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	5	5	7	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Fatima Boolani Citigroup	Citigroup	Strong Buy Maintains $60 → $46	Strong Buy	Maintains	$60 → $46	+65.65%	Apr 1, 2026
Brent Thill Jefferies	Jefferies	Hold Maintains $45 → $34	Hold	Maintains	$45 → $34	+22.43%	Mar 31, 2026
Dan Ives Wedbush	Wedbush	Buy Maintains $65 → $45	Buy	Maintains	$65 → $45	+62.05%	Mar 31, 2026
Ittai Kidron Oppenheimer	Oppenheimer	Buy Maintains $70 → $57	Buy	Maintains	$70 → $57	+105.26%	Mar 31, 2026
Lucky Schreiner DA Davidson	DA Davidson	Strong Buy Maintains $70 → $50	Strong Buy	Maintains	$70 → $50	+80.05%	Mar 25, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

1.01B

from 977.83M

3.70%

from 977.83M

Revenue Next Year

1.03B

from 1.01B

1.08%

from 1.01B

EPS This Year

6.10

from 1.66

267.54%

from 1.66

EPS Next Year

6.18

from 6.10

1.31%

from 6.10

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Nov 30, 2021	Nov 30, 2022	Nov 30, 2023	Nov 30, 2024	Nov 30, 2025	Nov 30, 2026	Nov 30, 2027
Revenue	531.31M	602.01M	694.44M	753.41M	977.83M	1.01B	1.03B
Revenue Growth	20.17%	13.31%	15.35%	8.49%	29.79%	3.70%	1.08%
EPS	1.76	2.15	1.57	1.54	1.66	6.10	6.18
EPS Growth	-	22.16%	-26.98%	-1.91%	7.79%	267.54%	1.31%
Forward PE	-	-	-	-	-	4.55	4.49
No. Analysts	-	-	-	-	-	9	9

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

Revenue Forecast

Revenue	2026	2027
High	1.0B	1.1B
Avg	1.0B	1.0B
Low	970.7M	970.7M

Revenue Growth

Revenue Growth	2026	2027
High	7.2%	5.1%
Avg	3.7%	1.1%
Low	-0.7%	-4.3%

EPS Forecast

EPS	2026	2027
High	6.32	6.41
Avg	6.10	6.18
Low	5.83	5.87

EPS Growth

EPS Growth	2026	2027
High	280.9%	5.1%
Avg	267.5%	1.3%
Low	251.1%	-3.7%

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.