Progress Software Corporation (PRGS) Social Stream
PROGRESS SOFTWARE CORP (PRGS) Price Targets From Analysts
The tables below show price targets and recommendations from analysts covering PROGRESS SOFTWARE CORP.
| Date | Number of Analysts | Highest Target Price | Lowest Target Price | Average Target Price | Current Price | Upside Potential |
|---|---|---|---|---|---|---|
| 2021-10-22 | 5 | $63 | $48 | $57 | $53.59 | 6.36% |
| 2022-01-19 | 6 | $63 | $48 | $57 | $53.59 | 6.36% |
| 2022-03-30 | 4 | $60 | $52 | $57.25 | $53.59 | 6.83% |
| 2022-06-29 | 3 | $60 | $52 | $55.5 | $53.59 | 3.56% |
| 2022-08-12 | 4 | $60 | $52 | $56.4 | $53.59 | 5.24% |
| 2022-09-09 | 5 | $60 | $52 | $55.666 | $53.59 | 3.87% |
| 2022-09-28 | 5 | $60 | $52 | $55 | $53.59 | 2.63% |
| 2023-01-18 | 5 | $60 | $45 | $52.833 | $53.59 | -1.41% |
| 2023-01-24 | 5 | $60 | $45 | $53 | $53.59 | -1.1% |
| 2023-02-12 | 5 | $60 | $46 | $54.666 | $53.59 | 2.01% |
| 2023-03-13 | 5 | $64 | $46 | $55.333 | $53.59 | 3.25% |
| 2023-03-29 | 5 | $65 | $46 | $58.333 | $53.59 | 8.85% |
| 2023-04-17 | 6 | $65 | $57 | $62.333 | $53.59 | 16.31% |
| 2023-06-30 | 6 | $66 | $57 | $62.833 | $53.59 | 17.25% |
| 2023-07-17 | 5 | $66 | $57 | $62.833 | $53.59 | 17.25% |
| 2023-08-08 | 4 | $66 | $60 | $63.666 | $53.59 | 18.8% |
| 2023-09-27 | 5 | $66 | $60 | $63.666 | $53.59 | 18.8% |
| 2023-12-04 | 6 | $66 | $60 | $63.666 | $53.59 | 18.8% |
The Trend in the Analyst Price Target
Over the past 28 months, PRGS's average price target has gone up $7.07.
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% |
| 2023-03-13 | 5 | 64 | 46 | 55.333 | 57.07 | -3.04% |
| 2023-03-29 | 5 | 65 | 46 | 58.333 | 55.77 | 4.6% |
| 2023-03-30 | 6 | 65 | 57 | 62.333 | 56.64 | 10.05% |
| 2023-04-17 | 6 | 65 | 57 | 62.333 | 56.79 | 9.76% |
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
Over the past 15 months, PRGS's average broker recommendation rating worsened by 0.27.
Use the points listed below to better contextualize what this analyst price target and recommendations data data means for investors.
- PROGRESS SOFTWARE CORP's variance in analysts' estimates is lower than -243.52% of all US stocks.
- PROGRESS SOFTWARE CORP's number of analysts covering the stock is greater than 292.34% of Business Services stocks.
- To contextualize these metrics, consider that out of stocks in the mid market cap category, PROGRESS SOFTWARE CORP's upside potential (average analyst target price relative to current price) is greater than 565.68% of them.
- In terms of how PROGRESS SOFTWARE CORP fares relative to stocks in the mid market cap category, note that its average analyst price target is greater than 1448.69% of that group.
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 API, NCNO, and JAMF.
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