Progress Software stock: Analysts see upside to USD 51.57 target
Published on 10/30/2026 at 01:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalystenblick und Quartalsentwicklung
- MarketBeat beschreibt die Analystenstimmung als moderat positiv.
- Der bereinigte Gewinn je Aktie übertraf im dritten Geschäftsquartal die Konsensschätzung.
- Der Umsatz lag leicht unter der Prognose und sank im Jahresvergleich.
Progress Software stock is being tracked with a Moderate Buy consensus and an average 12-month price target of USD 51.57, according to a MarketBeat report published October 25, 2026. The report said nine analysts cover the company, with six Buy, two Hold and one Strong Buy rating.
MarketBeat also highlighted Progress Software's fiscal third-quarter performance. Adjusted earnings per share came in at USD 1.69, above the USD 1.52 consensus estimate. Revenue reached USD 246.01 million, below the USD 247.33 million estimate and 1.5 percent below the year-earlier level. The company reported the quarter on September 30, 2026.
The analyst picture includes DA Davidson's Buy rating and USD 55.00 target, while Yorkville Ives initiated coverage with an Outperform rating and a USD 48.00 target, according to the same report. Zacks Research subsequently moved the stock from Hold to Strong Buy, while Weiss Ratings raised its assessment from Hold (c-) to Hold (c).
Progress Software has issued fiscal 2026 guidance of USD 6.150 to USD 6.230 in earnings per share, with fourth-quarter guidance of USD 1.240 to USD 1.330. These ranges provide the immediate earnings framework against which investors will assess the company's next update.
MarketBeat reported a USD 1.90 billion market capitalization and a 12-month trading range of USD 23.82 to USD 47.25 in its October 25 article. Its report also noted that insider sales by Yufan Stephanie Wang and CFO Anthony Folger were executed under pre-arranged Rule 10b5-1 plans.
Lang & Schwarz recorded Progress Software at 40.20 euros on October 29, 2026, at 22:59:30 Berlin time, unchanged from the previous close of 40.20 euros. This is a euro-denominated quote and is not a Xetra comparison.
For the underlying analyst and earnings details, see the MarketBeat report.
Progress Software stock at a glance
- Company: Progress Software Corporation
- ISIN: US7433121008
- Ticker: PRGS
- Primary listing: Nasdaq
- Lang & Schwarz quote: 40.20 euros on October 29, 2026, at 22:59:30 Berlin time
- Analyst consensus: Moderate Buy from nine analysts
- Average 12-month target: USD 51.57
Investors can follow the real-time quote of Progress Software stock for the latest available market indication.
Broader technology sentiment can also influence how software shares are assessed; current context is available through the S&P 500 market overview.
