Deep Dive Into Progress Software Stock: Analyst Perspectives (6 Ratings)
Analysts' ratings for Progress Software (NASDAQ:PRGS) over the last quarter vary from bullish to bearish, as provided by 6 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 1 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 3 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $60.67, a high estimate of $70.00, and a low estimate of $45.00. A decline of 4.46% from the prior average price target is evident in the current average.
Diving into Analyst Ratings: An In-Depth Exploration
A clear picture of Progress Software's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Lucky Schreiner | DA Davidson | Maintains | Buy | $70.00 | $70.00 |
| Fatima Boolani | Citigroup | Raises | Buy | $60.00 | $54.00 |
| Dan Ives | Wedbush | Lowers | Outperform | $65.00 | $75.00 |
| Fatima Boolani | Citigroup | Lowers | Buy | $54.00 | $57.00 |
| Lucky Schreiner | DA Davidson | Lowers | Buy | $70.00 | $75.00 |
| Brent Thill | Jefferies | Lowers | Hold | $45.00 | $50.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Progress Software. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Progress Software compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Progress Software's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Progress Software's market standing. Stay informed and make well-considered decisions with our Ratings Table.
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Unveiling the Story Behind Progress Software
Progress Software Corp provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. The following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include the United States, Canada, EMEA, Latin America, and Asia Pacific.
Understanding the Numbers: Progress Software's Finances
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Progress Software's financials over 3M reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 17.54% as of 30 November, 2025, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Progress Software's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.19% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Progress Software's ROE stands out, surpassing industry averages. With an impressive ROE of 5.39%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Progress Software's ROA stands out, surpassing industry averages. With an impressive ROA of 1.06%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Progress Software's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.99, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Significance of Analyst Ratings Explained
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.