Progress Software Corporation (PRGS) Social Stream
Progress Software Corp (PRGS) Price Targets From Analysts
The tables below show the price targets and recommendations analysts covering PRGS.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-10-22 | 5 | $63 | $48 | $57 | $47.09 | 21.04% |
| 2022-01-19 | 6 | $63 | $48 | $57 | $47.09 | 21.04% |
| 2022-03-30 | 6 | $60 | $48 | $56 | $47.09 | 18.92% |
The Trend in the Analyst Price Target
PRGS's average price target has moved up $11.67 over the prior 22 months.
PRGS reports an average of 22.45% for its upside potential over the past 52 weeks.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Share Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-05-22 | 2 | 58 | 55 | 56.00 | 43.73 | 28.06% |
| 2021-06-26 | 3 | 60 | 55 | 57.25 | 46.51 | 23.09% |
| 2021-08-07 | 5 | 60 | 48 | 55.17 | 46.26 | 19.26% |
| 2021-09-18 | 5 | 60 | 48 | 55.17 | 46.09 | 19.7% |
| 2022-01-19 | 6 | 63 | 48 | 57.00 | 43.06 | 32.37% |
PRGS Broker Recommendations Summary
| Average Broker Rating | Strong Buy | Buy | Hold | Sell | Strong Sell | Analysts Issuing Recs |
|---|---|---|---|---|---|---|
| 1.33 | 5 | 0 | 1 | 0 | 0 | 6 |
The Trend in the Broker Recommendations
Over the past 151 days, PRGS's average broker recommendation rating improved by 0.07.
Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.
- In the context of Technology stocks, Progress Software Corp's variance in analysts' estimates is lower than 46.08% of them.
- In terms of how Progress Software Corp fares relative to Business Services stocks, note that its upside potential (average analyst target price relative to current price) is greater than 59.22% of that group.
- PRGS has a greater number of analysts covering the stock than 70.65% of Business Services stocks.
- Progress Software Corp's average analyst price target is higher than 186.85% of stocks in the mid market cap category.
In terms of price targets and recommendations offered by analysts, the stocks in the Business Services industry with the ratings most similar to Progress Software Corp are PRCH, PING, and PD.
What is the outlook for PRGS? Use POWR Ratings for clearer insight into price direction.