Progress Software Corporation (PRGS) Stock Forecast
PRGS analyst forecast
as of October 18, 2026- Analyst consensus
- Strong buy 4.60 / 5 from 5 analysts
- Price target
- $56.20 average of analyst targets
- Upside to target
- +37.6% from the latest close
- Next earnings
- —
- 52-week range
- $25.09 – $46.37
PRGS analyst ratings
5 analystsNumber of analysts at each rating.
PRGS price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
PRGS earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Current quarter (Aug '26) | $1.52 | $1.45 | $1.54 | $1.50 | +1.0% | 4 |
| Next quarter (Feb '27) | $1.56 | $1.46 | $1.67 | $1.60 | −2.2% | 5 |
| Current fiscal year (FY2026) | $6.20 | $6.18 | $6.22 | $5.72 | +8.3% | 4 |
| Next fiscal year (FY2027) | $7.18 | $6.94 | $7.33 | $6.20 | +15.8% | 5 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
PRGS revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Current quarter (Aug '26) | $247.3M | $245.4M | $249.8M | −1.0% | 5 |
| Next quarter (Feb '27) | $314.8M | $305.8M | $321.9M | +27.1% | 5 |
| Current fiscal year (FY2026) | $1.05B | $1.04B | $1.05B | +7.1% | 5 |
| Next fiscal year (FY2027) | $1.28B | $1.24B | $1.30B | +22.2% | 5 |
PRGS EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
PRGS revenue: reported and forecast
PRGS EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Current quarter (Aug '26) | $1.45 | $1.52 | $1.52 | $1.52 | $1.52 | +4.7% | 5 up · 0 down |
| Next quarter (Feb '27) | $1.54 | $1.54 | $1.54 | $1.70 | $1.56 | +1.6% | 2 up · 2 down |
| Current fiscal year (FY2026) | $6.13 | $6.12 | $6.12 | $6.24 | $6.20 | +1.1% | 3 up · 0 down |
| Next fiscal year (FY2027) | $6.24 | $6.23 | $6.23 | $7.28 | $7.18 | +15.0% | 4 up · 0 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
PRGS earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; PRGS beat in 12 of 12.
What analysts expect from PRGS
5 analysts cover Progress Software; their consensus rating is strong buy (4.60 on a 1–5 scale, where 5 is a strong buy). The average price target is $56.20, 37.6% above the latest close of $40.84. Analysts expect earnings of $6.20 per share for FY2026, +8.3% from a year earlier. For FY2027 the average estimate is $7.18 per share on revenue of $1.3 billion. Progress Software beat the EPS estimate in 12 of the last 12 quarters.
Related: PRGS income statement, PRGS key metrics, PRGS chart. See the PRGS stock overview for the latest quote and news.
PRGS forecast FAQ
What is Progress Software's price target?
The average analyst price target for Progress Software is $56.20, 37.6% above the latest close of $40.84.
Is Progress Software a buy, hold or sell?
Of 5 analysts covering Progress Software, 4 rate it a strong buy, 0 a buy, 1 a hold, 0 a sell and 0 a strong sell, a consensus of strong buy. Ratings are opinions, not a recommendation from Quotelinks.
What is Progress Software's EPS forecast?
Analysts forecast $6.20 per share for FY2026 (range $6.18 to $6.22); for FY2027 the estimate is $7.18.
What is Progress Software's revenue forecast?
The average revenue estimate for FY2026 is $1.0 billion, growth of 7.1%; for FY2027 it is $1.3 billion.
Does Progress Software usually beat earnings estimates?
Progress Software reported EPS at or above the analyst estimate in 12 of the last 12 quarters.