Progress Software Corporation (PRGS) Social Stream



Progress Software Corporation (PRGS): $51.63

0.20 (+0.39%)

POWR Rating

Component Grades

Momentum

C

Stability

C

Sentiment

Quality

B

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Industry: Software - Application

Industry

C

Ranked

#10 of 134

in industry

PROGRESS SOFTWARE CORP (PRGS) Price Targets From Analysts

Use the tables below to see what analysts covering PROGRESS SOFTWARE CORP think about its future price and what recommendations they have for investors and traders.

Date Number of Analysts Highest Target Price Lowest Target Price Average Target Price Current Price Upside Potential
2021-10-22 5 $63 $48 $57 $53.33 6.88%
2022-01-19 6 $63 $48 $57 $53.33 6.88%
2022-03-30 6 $60 $48 $56 $53.33 5.01%
2022-06-29 3 $60 $52 $55.5 $53.33 4.07%
2022-08-12 4 $60 $52 $56.4 $53.33 5.76%
2022-09-09 5 $60 $52 $55.666 $53.33 4.38%
2022-09-28 5 $60 $52 $55 $53.33 3.13%
2023-01-18 5 $60 $45 $52.833 $53.33 -0.93%
2023-01-24 5 $60 $45 $53 $53.33 -0.62%
2023-02-12 5 $60 $46 $54.666 $53.33 2.51%
2023-03-13 5 $64 $46 $55.333 $53.33 3.76%
2023-03-29 5 $65 $46 $58.333 $53.33 9.38%
2023-04-17 6 $65 $57 $62.333 $53.33 16.88%
2023-06-30 6 $66 $57 $62.833 $53.33 17.82%
2023-07-17 5 $66 $57 $62.833 $53.33 17.82%
2023-08-08 4 $66 $60 $63.666 $53.33 19.38%
2023-09-27 5 $66 $60 $63.666 $53.33 19.38%
2023-12-04 6 $66 $60 $63.666 $53.33 19.38%

The Trend in the Analyst Price Target


Over the past 24 months, PRGS's average price target has gone up $6.67.

Over the past 46 weeks, PRGS's average upside potential has been 6.43%.

Date Number of Analysts Highest Target Price Lowest Target Price Average Target Price Share Price Upside Potential
2023-01-18 5 60 45 52.833 51.79 2.01%
2023-01-18 5 60 45 53.000 51.79 2.34%
2023-02-12 5 60 46 54.666 57.14 -4.33%
2023-03-29 5 65 46 58.333 55.77 4.6%
2023-12-04 6 66 60 63.666 54.75 16.28%

PRGS Broker Recommendations Summary

Average Broker Rating Strong Buy Buy Hold Sell Strong Sell Analysts Issuing Recs
1.67 4 0 2 0 0 6

The Trend in the Broker Recommendations


PRGS's average broker recommendation rating worsened by 0.27 over the prior 15 months.

The bullet points below may help you gain a better understanding of what the metrics in the price target and recommendations tables above mean for PRGS as an investment opportunity.

  • PRGS has a lower variance in analysts' estimates than -241.62% of all US stocks.
  • In terms of how PROGRESS SOFTWARE CORP fares relative to Business Services stocks, note that its number of analysts covering the stock is greater than 283.29% of that group.
  • PRGS has a higher average analyst price target than 1449.46% of stocks in the mid market cap category.
  • In the context of stocks in the mid market cap category, PROGRESS SOFTWARE CORP's upside potential (average analyst target price relative to current price) is higher than 695.59% of them.

In the Business Services industry, API, NCNO, and JAMF are the three stocks most similar to PROGRESS SOFTWARE CORP regarding the price target and analyst recommendation information presented here.

Make investment decisions regarding PRGS using the data that counts. Try POWR Ratings for free.


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