| Date | Upside/Downside | Analyst Firm | Price Target Change | Rating Change | Previous / Current Rating |
|---|---|---|---|---|---|
| 08/08/2023 | 2.02% | Citigroup | $57 → $62 | Maintains | Neutral |
| 06/30/2023 | 8.6% | Oppenheimer | $63 → $66 | Maintains | Outperform |
| 03/30/2023 | -6.21% | Citigroup | $54 → $57 | Maintains | Neutral |
| 03/29/2023 | 5.31% | Guggenheim | → $64 | Reiterates | → Buy |
| 03/29/2023 | 6.95% | JP Morgan | $57 → $65 | Maintains | Overweight |
| 03/29/2023 | 3.66% | Oppenheimer | $53 → $63 | Maintains | Outperform |
| 03/13/2023 | 5.31% | Guggenheim | $60 → $64 | Maintains | Buy |
| 01/24/2023 | -1.28% | Guggenheim | → $60 | Assumes | → Buy |
| 09/09/2022 | -14.44% | Jefferies | → $52 | Initiates Coverage On | → Hold |
| 08/12/2022 | -1.28% | Guggenheim | → $60 | Initiates Coverage On | → Buy |
| 06/29/2022 | -12.79% | Oppenheimer | $60 → $53 | Maintains | Outperform |
| 03/30/2022 | -14.44% | Citigroup | $48 → $52 | Maintains | Neutral |
| 10/22/2021 | -1.28% | JP Morgan | → $60 | Initiates Coverage On | → Overweight |
| 08/06/2021 | -21.02% | Citigroup | → $48 | Initiates Coverage On | → Neutral |
| 07/15/2021 | -11.15% | Oppenheimer | → $54 | Initiates Coverage On | → Outperform |
| 06/08/2021 | -7.86% | Guggenheim | → $56 | Initiates Coverage On | → Buy |
| 01/15/2021 | -9.5% | Wedbush | $45 → $55 | Maintains | Outperform |
| 08/26/2020 | -25.96% | Wedbush | → $45 | Assumes | → Outperform |
| 03/27/2020 | -30.89% | Wedbush | $58 → $42 | Maintains | Outperform |
| 03/23/2020 | — | Benchmark | Maintains | Buy | |
| 07/26/2019 | — | Wedbush | Upgrades | Neutral → Outperform | |
| 07/17/2019 | -19.37% | Benchmark | → $49 | Upgrades | Hold → Buy |
What is the target price for Progress Software (PRGS)?
The latest price target for Progress Software (NASDAQ: PRGS) was reported by Citigroup on August 8, 2023. The analyst firm set a price target for $62.00 expecting PRGS to rise to within 12 months (a possible 2.02% upside). 10 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Progress Software (PRGS)?
The latest analyst rating for Progress Software (NASDAQ: PRGS) was provided by Citigroup, and Progress Software maintained their neutral rating.
When is the next analyst rating going to be posted or updated for Progress Software (PRGS)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Progress Software, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Progress Software was filed on August 8, 2023 so you should expect the next rating to be made available sometime around August 8, 2024.
Is the Analyst Rating Progress Software (PRGS) correct?
While ratings are subjective and will change, the latest Progress Software (PRGS) rating was a maintained with a price target of $57.00 to $62.00. The current price Progress Software (PRGS) is trading at is $60.78, which is within the analyst's predicted range.