Progress Software Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Progress Software stock have an average target of 52.5, with a low estimate of 34 and a high estimate of 83. The average target predicts an increase of 58.37% from the current stock price of 33.15.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$34	$52.5	$50	$83
Change	+2.56%	+58.37%	+50.83%	+150.38%

* Price targets were last updated on Apr 1, 2026.

Analyst Ratings

The average analyst rating for Progress Software stock from 6 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	Aug '25	Sep '25	Oct '25	Jan '26	Feb '26	Mar '26
Strong Buy	4	4	5	5	5	5
Buy	0	0	0	0	0	0
Hold	2	2	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Fatima Boolani Citi	Citi	Buy Maintains $60 → $46	Buy	Maintains	$60 → $46	+38.76%	Apr 1, 2026
John Difucci Guggenheim	Guggenheim	Buy Maintains $83	Buy	Maintains	$83	+150.38%	Mar 31, 2026
Daniel Ives Wedbush	Wedbush	Buy Maintains $65 → $45	Buy	Maintains	$65 → $45	+35.75%	Mar 31, 2026
Ittai Kidron Oppenheimer	Oppenheimer	Buy Maintains $70 → $57	Buy	Maintains	$70 → $57	+71.95%	Mar 31, 2026
Brent Thill Jefferies	Jefferies	Hold Maintains $45 → $34	Hold	Maintains	$45 → $34	+2.56%	Mar 31, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

994.11M

from 977.83M

1.66%

from 977.83M

Revenue Next Year

1.01B

from 994.11M

1.10%

from 994.11M

EPS This Year

5.98

from 5.72

4.57%

from 5.72

EPS Next Year

6.06

from 5.98

1.33%

from 5.98

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	994.11M	1.01B
Revenue Growth	20.17%	13.31%	15.35%	8.49%	29.79%	1.66%	1.10%
EPS	1.76	2.15	1.57	1.54	1.66	1.75	1.80
EPS Growth	-	22.16%	-26.98%	-1.91%	7.79%	5.22%	3.05%
Forward PE	-	-	-	-	-	18.98	18.42
No. Analysts	-	-	-	-	-	6	6

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

Revenue Forecast

Revenue	2026	2027
High	998.5M	1.0B
Avg	994.1M	1.0B
Low	990.5M	990.5M

Revenue Growth

Revenue Growth	2026	2027
High	2.1%	2.1%
Avg	1.7%	1.1%
Low	1.3%	-0.4%

EPS Forecast

EPS	2026	2027
High	-	-
Avg	5.98	6.06
Low	-	-

EPS Growth

EPS Growth	2026	2027
High	-	-
Avg	4.6%	1.3%
Low	-	-

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.