15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 6 firms covering Progress Software Corporation, 5 rate it Buy or better, 1 sit at Hold, and 0 rate it Sell or worse, a moderate buy consensus. Targets range widely, $34.00 to $83.00 (about 2.4x), a sign of real disagreement on valuation. The average target of $50.50 sits 25% above the current $40.37. The rating mix has stayed broadly stable, with Buy-side ratings edging up from 4 to 5 over recent months. On the fundamentals, the Street sees consensus EPS building from about $1.43 next quarter toward $6.23 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS6 ratings
Moderate Buy
Strong Buy00%
Buy583%
Hold117%
Sell00%
Strong Sell00%
Based on 6 analysts giving stock ratings to Progress Software Corporation.
As of Jul, 5 of 6 firms rate PRGS a Buy (1 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
PRGS EPS & revenue forecast
EPS · NEXT QUARTER
$1.43
Range $1.41 – $1.48 · 4 analysts · -5% YoY
Next period, 4 analysts expect Progress Software Corporation to earn $1.43 a share (range $1.41 – $1.48), versus $1.51 a year earlier. Full-year consensus is $6.12, growing to $6.23 the year after.
REVENUE · NEXT QUARTER
$249.4M
Range $247.4M – $254.1M · 4 analysts · -1% YoY
Revenue is expected to reach $249.4M (range $247.4M – $254.1M), -1.3% year-over-year. Full-year consensus is $995.7M, rising to $1.0B next year.
Top analysts covering Progress Software Corporation
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on PRGS.
#1
Daniel Ives
Wedbush · Rank #375
Buy
$45.00+11.5% to target
Overall win rate
23%
+ Follow
#2
LS
Lucky Schreiner
DA Davidson
Buy
$45.00+11.5% to target
Coverage
—
+ Follow
#3
Fatima Boolani
Citigroup
Buy
$46.00+13.9% to target
Coverage
—
+ Follow
#4
John Difucci
Guggenheim
Buy
$83.00+105.6% to target
Coverage
—
+ Follow
#5
Brent Thill
Jefferies
Hold
$34.00-15.8% to target
Coverage
—
+ Follow
PRGS stock forecast FAQ
What is PRGS's average 12-month price target?+
The 6 analysts with a live target average $50.50 for Progress Software Corporation over the next 12 months, ranging from a $83.00 high to a $34.00 low.
Is PRGS stock a Buy, Sell or Hold right now?+
The current consensus is Moderate Buy. Of the 6 analyst ratings, 5 are Buy or Strong Buy, 1 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for PRGS?+
The Street-high target is $83.00 (Guggenheim), and the Street-low is $34.00 (Jefferies). The average of all 6 active targets is $50.50.
How many Wall Street analysts cover PRGS?+
6 analysts have an active rating on Progress Software Corporation, and 6 firms carry a live 12-month price target.
Who is the most accurate analyst covering PRGS?+
Among analysts who currently cover PRGS, Daniel Ives of Wedbush has the strongest overall Quantellect track record (Rank #375). Their current call is Buy with a $45.00 target.
What is Progress Software Corporation's projected EPS for next quarter?+
The consensus estimate is $1.43 per share (range $1.41 – $1.48) across 4 analysts. Full-year EPS is projected at $6.12, rising to $6.23 the following year.
How much revenue is Progress Software Corporation expected to report next quarter?+
Consensus revenue is $249.4M (range $247.4M – $254.1M). Full-year revenue is projected at $995.7M, growing to $1.0B next year.
Have analysts been upgrading or downgrading PRGS lately?+
As of Jul, 5 of 6 firms rate PRGS a Buy (1 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their PRGS calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
