Citi Boosts Progress Software Price Target Amid AI Prospects
Citi analyst Fatima Boolani has raised the price target for Progress Software to $60, citing strong earnings and cash flow, alongside the company's strategic focus on AI-driven initiatives. Progress Software's shares surged over 8% in premarket trading following its fiscal Q4 report, which surpassed market expectations for both earnings and revenue. Despite a slight trim in Wedbush's price prediction, the firm maintains an "Outperform" rating, reflecting continued optimism for Progress Software's growth trajectory into 2026.
Progress Software Corp (PRGS) Shares Up 9.91% on Feb 20
Progress Software Corp's (PRGS) shares rose 9.91% to $40.03 on February 20, reaching an intraday high of $40.22. The stock is currently 38.89% below its 52-week high and 15.79% above its 52-week low. Analysts set an average one-year target price of $64.32, implying a 60.67% upside, with a "Buy" recommendation (average 1.4 rating).
Progress Software Corporation $PRGS Shares Purchased by LSV Asset Management
LSV Asset Management significantly increased its stake in Progress Software (NASDAQ:PRGS), bumping its holdings by 183% to 362,000 shares worth $15.9 million. Other institutional investors like DLD Asset Management, Diamond Hill Capital, and Goldman Sachs also increased their positions. Despite insider selling by the EVP and CFO, the company beat quarterly earnings estimates, provided strong FY2026 guidance, and holds a "Moderate Buy" consensus rating from analysts, with the stock trading near its 52-week low.
Progress Software (NASDAQ:PRGS) Sheds US$272m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Three Years
Progress Software (NASDAQ:PRGS) has seen its share price drop by 37% over the last three years, underperforming the market, with a further 36% decline in the past year. This downward trend coincides with an annual 7.4% decrease in the company's earnings per share. While insiders have been buying shares, investors are advised to focus on future earnings for potential growth.
Thrivent Financial for Lutherans Sells 1,510,892 Shares of Progress Software Corporation $PRGS
Thrivent Financial for Lutherans significantly reduced its stake in Progress Software (NASDAQ:PRGS) by 98.0% in Q3, selling over 1.5 million shares. Despite this, Progress Software reported strong Q3 earnings, beating analyst expectations for both EPS and revenue, and provided optimistic FY2026 guidance. Analyst sentiment for PRGS remains largely positive, with a "Moderate Buy" consensus rating and an average price target of $64.60, even as some analysts have adjusted price objectives.
Progress Software (NASDAQ:PRGS) Hits New 52-Week Low - Should You Sell?
Progress Software (NASDAQ:PRGS) recently hit a new 52-week low of $38.52, despite beating quarterly EPS estimates ($1.51 vs. $1.31) and posting 17.5% YoY revenue growth to $253M. The company also set positive FY26 EPS guidance, but analysts have mixed ratings, and insiders have recently sold shares. With a "Moderate Buy" consensus and an average price target of $64.60, the article questions whether the market has undervalued PRGS.
Progress Software stock hits 52-week low at 38.52 USD By Investing.com
Progress Software (PRGS) stock has fallen to a new 52-week low of $38.52, representing a 32.24% decline over the past year. Despite its undervaluation according to InvestingPro data and impressive gross profit margins, the company faces challenges. However, recent strong fourth-quarter earnings exceeding analyst EPS expectations and share buybacks signal potential for recovery, with DA Davidson reiterating a Buy rating and a $70 price target.
Progress Software stock hits 52-week low at 38.52 USD By Investing.com
Progress Software (PRGS) stock has fallen to a new 52-week low of $38.52, representing a 32.24% decline over the past year. Despite this, InvestingPro data suggests the stock is undervalued, and the company maintains strong gross profit margins and revenue growth. DA Davidson has reiterated a "Buy" rating with a $70 price target, citing a strong Q4 2025 earnings beat on EPS, although revenue slightly missed.
Progress Software stock hits 52-week low at 38.52 USD
Progress Software (PRGS) stock has fallen to a new 52-week low of $38.52, representing a 32.24% decline over the past year, despite the company's strong gross profit margins and revenue growth. Although the stock appears undervalued by InvestingPro and the company's Q4 2025 earnings beat EPS expectations, revenue slightly missed, and the stock saw an aftermarket decline. DA Davidson has reiterated a Buy rating with a $70.00 price target, citing healthy net new ARR and SaaS revenues.
Diamond Hill Capital Management Inc. Has $20.41 Million Holdings in Progress Software Corporation $PRGS
Diamond Hill Capital Management Inc. significantly increased its stake in Progress Software Corporation (NASDAQ:PRGS) by 145.3% in the third quarter, now holding 464,598 shares valued at $20.41 million. This increase makes their holding approximately 1.08% of the company. Progress Software recently surpassed Q3 earnings expectations with an EPS of $1.51 and revenue of $253.0 million, and analysts currently rate the stock as a "Moderate Buy" with a consensus target price of $64.60.
Principal Financial Group Inc. Has $37.06 Million Stock Holdings in Progress Software Corporation $PRGS
Principal Financial Group Inc. reduced its stake in Progress Software Corporation (NASDAQ:PRGS) by 7.7% in the third quarter, now holding 843,569 shares valued at approximately $37.06 million. Despite insider selling from executives, Progress Software exceeded quarterly earnings expectations with $1.51 EPS and reported a 17.5% year-over-year revenue increase to $253 million, while analysts maintain a "Moderate Buy" rating with an average target price of $64.60.
Progress Software Faces Leverage Test As Acquisition Reliance Clouds Growth Outlook
Progress Software (NasdaqGS:PRGS) is under increased scrutiny following its ShareFile acquisition, which has heightened leverage and raised concerns about the company's reliance on deal-driven growth. Investors are now focusing on Progress Software's organic growth trajectory, its more leveraged balance sheet, and the potential impact of weaker underlying trends and tougher year-over-year comparisons on future guidance. The stock has seen significant declines over the past one and three years, indicating a need for the company to demonstrate a more balanced growth approach beyond acquisitions.
Is Progress Software’s ShareFile-Fueled Leverage Shift Altering The Investment Case For Progress (PRGS)?
Progress Software's recent acquisition of ShareFile for US$875 million has significantly increased its leverage to over 3.5x, leading to investor concerns about its financial stability and future organic growth. While the company continues to invest in AI capabilities and maintain shareholder returns, its higher debt and thinner interest coverage pose pressure points. The stock's fair value estimations vary widely among analysts, suggesting potential further downside despite recent price weakness.
Progress Software (NASDAQ:PRGS) CFO Anthony Folger Sells 6,000 Shares
Progress Software's CFO, Anthony Folger, sold 6,000 shares of the company's stock for $240,000, reducing his stake by approximately 10.95%. This transaction followed the company reporting better-than-expected quarterly earnings and providing positive FY2026 guidance. Despite the insider sale, analysts maintain a "Moderate Buy" rating for Progress Software with a consensus target price of $64.60.
Progress Software Corporation (PRGS): A Bear Case Theory
This article presents a bear case theory for Progress Software Corporation (PRGS), based on a thesis from Valueinvestorsclub.com. The analysis highlights PRGS's leveraged financial position, inconsistent performance, and overreliance on acquisitions for growth, particularly the ShareFile acquisition which significantly increased debt. The theory suggests a likely near-term downside due to deteriorating earnings quality, weak organic growth masked by "pro forma" reporting, and red flags in financial disclosures.
Is It Time To Reconsider Progress Software (PRGS) After Its 1 Year Share Price Slump?
This article evaluates Progress Software (PRGS) after a significant one-year share price decline, suggesting it might be undervalued. Using Discounted Cash Flow (DCF) analysis, the stock appears to be trading at a 54.5% discount to its estimated intrinsic value. Additionally, its P/E ratio is lower than both the industry average and its peers, further pointing towards it being modestly undervalued.
Citi Trims Progress Software (PRGS) PT to $54, Maintains Buy Rating
Citi has reduced its price target for Progress Software (PRGS) to $54 from $57 while maintaining a Buy rating, citing anticipated sustained strong momentum in the infrastructure software sector for 2026. This contrasts with Jefferies, which previously lowered its PT to $45 with a Hold rating due to a cautious 2026 outlook and concerns about AI disintermediation. Despite these varying analyst opinions, Progress Software, a provider of AI-powered application software, is viewed by some as an investment with potential.
Citi Trims Progress Software (PRGS) PT to $54, Maintains Buy Rating
Citi has reduced its price target for Progress Software (NASDAQ: PRGS) from $57 to $54, while maintaining a Buy rating, anticipating continued strong sector momentum into 2026. This move follows Jefferies' earlier decision to lower its price target for PRGS to $45 with a Hold rating, citing a cautious 2026 outlook and the need for significant growth acceleration to address AI disintermediation concerns. Despite differing price targets, both firms acknowledge the potential of Progress Software, which develops software for AI-powered applications.
Wall Street Bullish on Progress Software Corporation (PRGS), Here's Why
Wall Street analysts are bullish on Progress Software Corporation (PRGS) following its strong fiscal Q4 2025 earnings report. The company reported significant revenue growth and an EPS beat, with analysts raising price targets and reiterating "Buy" ratings. Progress Software's strategic execution, healthy annual recurring revenue, and potential to benefit from AI adoption are cited as key factors for this positive outlook.
Wall Street bullish on Progress Software Corporation (PRGS), here’s why
This article analyzes why Wall Street is bullish on Progress Software Corporation (PRGS). It will likely cover factors such as the company's financial performance, market position, growth prospects, or positive analyst ratings and outlooks. The analysis suggests that there are compelling reasons for investor optimism regarding PRGS.
Wall Street Bullish on Progress Software Corporation (PRGS), Here’s Why
Wall Street analysts are bullish on Progress Software Corporation (PRGS) following its fiscal Q4 2025 earnings release, which saw revenue growth of 17.54% year-over-year and EPS exceeding consensus. Citi and D.A. Davidson have reiterated Buy ratings with price targets of $60 and $70, respectively. The company reported strong performance for 2025, driven by strategic execution and an increase in Annual Recurring Revenue (ARR).
Progress Software Corporation (PRGS) Appoints Ed Keisling as Chief AI Officer to Drive AI Strategy and Innovation
Progress Software Corporation has appointed Ed Keisling as its first Chief AI Officer to lead the company's artificial intelligence strategy. Keisling will be responsible for integrating AI into Progress products, solutions, and internal operations, focusing on enhancing development and M&A activities. This strategic move aims to leverage AI to drive innovation and maintain the company's competitive edge.
Progress Software Corporation (PRGS) Appoints Ed Keisling as Chief AI Officer to Drive AI Strategy and Innovation
Progress Software Corporation (PRGS) has appointed Ed Keisling as its first Chief AI Officer, a newly created role to accelerate the company's AI initiatives. Keisling will lead the integration of AI across Progress' product portfolio, focusing on enhancing customer experience and driving innovation. This strategic move highlights Progress' commitment to leveraging AI for business transformation and maintaining a competitive edge.
Progress Software (NASDAQ:PRGS) EVP Sells $57,284.24 in Stock
Progress Software (NASDAQ:PRGS) EVP Sundar Subramanian sold 1,352 shares of the company's stock for a total of $57,284.24, reducing his ownership by 4.44%. The software maker recently exceeded quarterly earnings expectations, reporting an EPS of $1.51 against an anticipated $1.31, and revenue of $253.0 million, an increase of 17.5% year-over-year. Analysts maintain a "Moderate Buy" rating for the stock with a consensus target price of $64.60.
Y Intercept Hong Kong Ltd Takes $5.18 Million Position in Progress Software Corporation $PRGS
Y Intercept Hong Kong Ltd has taken a new position in Progress Software Corporation, acquiring 117,801 shares valued at approximately $5.18 million. This move comes as Progress Software reported strong Q4 earnings, raised guidance, and cited accelerating AI-driven customer demand, leading to positive analyst sentiment and increased institutional interest.
Should Progress Software’s AI-Driven, Recurring Revenue Milestones Prompt Portfolio Moves From PRGS Investors?
Progress Software Corporation reported strong fourth-quarter and full-year 2025 earnings, driven by successful integration of ShareFile and Nuclea, 100% net retention, and expanding AI-powered products. The company's pivot towards AI-enabled, recurring-revenue software is strengthening its investment narrative, despite modest overall growth expectations and some financial risks. Investors are encouraged to explore different fair value estimates and develop their own investment narratives.
Progress Software Corporation (NASDAQ:PRGS) Given Consensus Rating of "Moderate Buy" by Brokerages
Progress Software Corporation (NASDAQ:PRGS) has received a consensus "Moderate Buy" rating from six brokerages, with an average one-year price target of $64.60. The company recently reported strong Q4 earnings, beating estimates with EPS of $1.51 and a 17.5% year-over-year revenue increase, citing AI-driven demand and ARR expansion as key growth drivers. Despite positive earnings and optimistic guidance for FY 2026, the company faces potential risks due to high leverage and low liquidity.
Progress Software targets $1B revenue for FY 2026 as AI-driven demand fuels growth
Progress Software aims to achieve $1 billion in revenue by fiscal year 2026, driven by increasing AI-powered demand. The company is strategically focusing on growth opportunities by leveraging artificial intelligence across its product offerings. This ambitious target reflects its confidence in the market and its ability to capitalize on emerging technological trends.
Mountain Pacific Investment Advisers LLC Cuts Stock Position in Progress Software Corporation $PRGS
Mountain Pacific Investment Advisers LLC significantly reduced its stake in Progress Software Corporation by 81.3% in Q3 2025. Despite this, Progress Software reported strong Q4 earnings, beating estimates with revenue up 17.5% year-over-year, and raised its FY2026 guidance, driven by demand for AI-enabled application tools. The company holds a "Moderate Buy" rating from analysts with an average price target of $65.40, trading near $42.70.
Anchor Capital Advisors LLC Makes New $2.30 Million Investment in Progress Software Corporation $PRGS
Anchor Capital Advisors LLC has made a new $2.30 million investment in Progress Software Corporation (NASDAQ:PRGS), acquiring 52,340 shares. This comes as Progress Software exceeded Q4 earnings and revenue expectations, with management raising FY-2026 targets, largely due to AI-driven demand. While the stock saw a significant gain post-earnings, concerns remain regarding the company's leverage, liquidity ratios, and elevated valuation.
Why Progress Software Popped Today
Progress Software (NASDAQ: PRGS) saw its stock jump over 10% after reporting strong fourth-quarter financial results driven by AI-focused offerings, with revenue up 18% and cash flow soaring 220%. The company also issued an upbeat forecast for fiscal 2026, expecting revenue between $986 million and $1 billion, and strong earnings and cash from operations. CEO Yogesh Gupta highlighted the relevance of their AI-focused solutions and a successful "total growth strategy" contributing to their best year ever in 2025.
Progress Software Corporation (NASDAQ:PRGS) Q4 2025 Earnings Call Transcript
Progress Software Corporation held its Q4 2025 earnings call, reporting a strong fiscal year 2025 with annual revenue up 30% to $978 million and EPS up 16% to $5.72, driven by the ShareFile acquisition and AI-related customer projects. The company provided optimistic guidance for FY 2026, aiming for $1 billion in revenue and continued investment in AI innovations. Executives also discussed their M&A strategy, emphasizing selectivity for high-quality infrastructure software vendors, and addressed the impact of AI on the broader software market and their own operations.
Progress Software rises after quarterly beat, 2026 revenue guidance boosted by AI demand
Progress Software (PRGS) stock saw a rise after the company reported better-than-expected fourth-quarter results and issued strong fiscal year 2025 guidance. The company also raised its revenue target for 2026, citing increasing demand stemming from AI integration, signaling robust future growth prospects.
Progress Software Corp (NASDAQ:PRGS) Surges 8.4% After-Hours on Strong Q4 Earnings Beat
Progress Software Corp (NASDAQ:PRGS) reported its fiscal Q4 and full-year 2025 results, significantly exceeding Non-GAAP EPS estimates by 12.8% at $1.51, despite revenue slightly missing expectations at $252.67 million. The market reacted positively, with shares surging 8.4% in after-hours trading, reflecting investor confidence in the company's cost management and profitability. Analysts project strong performance for fiscal 2026, with an estimated revenue of $1.012 billion and EPS of $5.78, highlighting the company's strategic focus on AI-powered software.
Progress Software: Fiscal Q4 Earnings Snapshot
Progress Software Corp. reported a fiscal fourth-quarter profit of $25.7 million, or $1.51 per share adjusted, surpassing analyst expectations. The company posted revenue of $252.7 million for the quarter and $977.8 million for the full year. Progress Software also provided guidance for the upcoming fiscal first quarter and the full year, anticipating continued growth in earnings and revenue.
AI-focused Progress Software reveals Q4 and full-year 2025 numbers
Progress Software (Nasdaq: PRGS) has announced its fiscal fourth quarter and full-year 2025 financial results, with earnings materials available on its Investor Relations webpage. The company, a provider of AI-powered digital experience and infrastructure software, will host a conference call on January 20, 2026, at 5:00 p.m. Eastern Time to discuss these results and its outlook. This announcement follows several recent strategic AI and platform initiatives aimed at enhancing its offerings and market position.
Progress Software: Fiscal Q4 Earnings Snapshot
Progress Software Corp. reported fiscal fourth-quarter profit of $25.7 million, or 59 cents per share, surpassing analyst expectations with adjusted earnings of $1.51 per share. The company posted quarterly revenue of $252.7 million and projected strong guidance for the upcoming fiscal first quarter and full year. These results and outlook indicate a positive financial performance for the business software maker.
Progress Software Reports Fiscal Fourth Quarter 2025 and Full Year Results
Progress Software (Nasdaq: PRGS) announced its financial results for the fiscal fourth quarter and full year 2025, which ended on November 30, 2025. The company will host a conference call at 5:00 p.m. Eastern Time to discuss these results and its outlook. Progress Software provides AI-powered digital experience and infrastructure software, empowering organizations to develop, deploy, and manage AI-powered applications.
Campbell & CO Investment Adviser LLC Purchases 42,769 Shares of Progress Software Corporation $PRGS
Campbell & CO Investment Adviser LLC significantly increased its stake in Progress Software Corporation by 421.4% during the third quarter, acquiring an additional 42,769 shares to hold a total of 52,919 shares valued at approximately $2.33 million. Despite this increase in institutional ownership, the stock is trading near $40.05, significantly below the average analyst target price of $65.40, following recent price target cuts. Analysts currently have a "Moderate Buy" rating for Progress Software, with four Buy, one Hold, and one Sell recommendation.
Progress Software stock hits 52-week low at 38.98 USD By Investing.com
Progress Software Corporation's stock has hit a 52-week low of $38.98, marking a 35.78% decrease over the past year. Despite this, the company maintains strong gross profit margins and free cash flow, and InvestingPro data suggests the stock is undervalued. Recent news also includes recognition in a Forrester report and DA Davidson reiterating a "Buy" rating despite AI disruption concerns.
Progress Software stock hits 52-week low at 38.98 USD
Progress Software (PRGS) stock has fallen to a 52-week low of $38.98, representing a 35.78% decrease over the past year. Despite this decline, the company boasts strong gross profit margins and free cash flow. Investors are observing the situation as the company's stock is considered undervalued by InvestingPro, with earnings approaching and management engaging in share buybacks.
Progress Software to Post Q4 Earnings: What's in Store for the Stock?
Progress Software (PRGS) is scheduled to release its fourth-quarter 2025 results on January 20, 2026, with an expected non-GAAP revenue range of $250-$256 million and earnings between $1.29-$1.35 per share. Analysts anticipate a slight year-over-year earnings decline but significant revenue growth, driven by a diversified product portfolio, high customer retention, AI integration, and the ShareFile acquisition. Despite strong operational factors, the company holds a Zacks Rank #3 and an Earnings ESP of 0.00%, suggesting it might not beat earnings expectations according to Zacks' model.
Progress Software Corp (PRGS) Stock Price Down 3.7% on Jan 16
Shares of Progress Software Corp (PRGS) dropped 3.70% on January 16, trading around $39.41. Despite the recent dip, Wall Street analysts project an average target price of $63.40, implying a significant upside of 60.89%, with a consensus "Buy" recommendation from brokerage firms. GuruFocus estimates the fair value (GF Value) at $82.40, suggesting an even higher upside of 109.11%.
Progress Software (NASDAQ:PRGS) Sets New 52-Week Low Following Analyst Downgrade
Progress Software (NASDAQ:PRGS) shares recently hit a new 52-week low after DA Davidson lowered its price target from $75 to $70, although maintaining a buy rating. The stock traded as low as $38.91 and closed at $40.11 on Friday. While analyst ratings are mixed, the consensus is "Moderate Buy" with a $66 average target, and several institutional investors have increased their stakes despite high leverage and weak liquidity.
Progress Software stock hits 52-week low at 38.98 USD
Progress Software (PRGS) stock has fallen to a 52-week low of $38.98, representing a 35.78% decrease over the past year. Despite this decline, the company maintains strong gross profit margins of 85.3% and a free cash flow yield of 11%, with InvestingPro suggesting the stock is undervalued. Recent news includes its recognition in The Forrester Wave report and a price target adjustment by DA Davidson to $70.00, maintaining a Buy rating.
Progress Software (PRGS): DA Davidson Lowers Price Target | PRGS Stock News
DA Davidson has maintained its "Buy" rating for Progress Software (PRGS) but lowered the price target from $75.00 to $70.00. This adjustment follows a pattern of recent analyst adjustments, with some maintaining ratings while others shift price targets. The average one-year price target from 5 analysts is $63.40, implying a 54.82% upside from the current price, while GuruFocus estimates a fair value of $82.40.
KLP Kapitalforvaltning AS Has $5.58 Million Holdings in Progress Software Corporation $PRGS
KLP Kapitalforvaltning AS significantly increased its stake in Progress Software Corporation (NASDAQ:PRGS) by 28.3%, now holding 127,100 shares valued at $5.58 million. Other institutional investors, including DLD Asset Management LP and Boston Trust Walden Corp, also boosted their positions in the software maker. Despite mixed analyst ratings, the consensus remains a "Moderate Buy" with an average price target of $67.00.
A Look At Progress Software (PRGS) Valuation After Mixed Share Price Performance
Progress Software (PRGS) has shown mixed share price performance recently, with a 3.2% gain over the past day but a negative total return over the last year. Despite the recent weaker trend, the company is considered undervalued with a fair value of $70 against its last closing price of US$42.85, driven by strong growth from its ShareFile integration; however, its P/E ratio is higher than industry averages, suggesting a nuanced valuation picture.
Is There Now An Opportunity In Progress Software (PRGS) After A 35% One-Year Share Price Decline
Progress Software (PRGS) has seen a 35% share price decline over the past year, leading to questions about its valuation. A Discounted Cash Flow (DCF) analysis suggests the stock is 55.2% undervalued, with an estimated intrinsic value of US$92.65 per share against a current price of US$41.52. Additionally, its P/E ratio of 36.71x is below Simply Wall St's proprietary "Fair Ratio" of 44.24x, further indicating potential undervaluation.
Progress Software to Release Fiscal Fourth Quarter and Full Year 2025 Financial Results on January 20, 2026
Progress Software (Nasdaq: PRGS) announced it will release its Q4 and full-year 2025 financial results on January 20, 2026, after market close, with a conference call scheduled for 5:00 p.m. ET on the same day. The results will cover the fiscal quarter ending November 30, 2025, and will be accessible via webcast or phone, with an archived version available on the Investor Relations website. The company specializes in AI-powered digital experience and infrastructure software.
