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67.56
2.99%
-2.08
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Progress Software Corp Stock (PRGS) Forecast
The Progress Software Corp (PRGS) stock price forecast for the next 30 days is generally negative, with an average analyst price target of $48.02, representing a -28.92% decrease from the current price of $67.56. The highest analyst price target is $49.40, and the lowest is $46.65.
Note: Our forecast model does not currently account for dividend and stock split events. This means that our forecast may not be accurate for stocks that have recently experienced either of these events.
Disclaimer: The information on this page is not intended to be financial advice. It is for general information only and should not be used to make any investment decisions. Please consult with a professional financial advisor before making any investment decisions.
12-Month PRGS Price Target
Average 46.85
(-30.66% Downside)
Is Progress Software Corp (PRGS) A Buy Now?
Oscillators
| Name | Value | Action |
|---|---|---|
| RSI(14) | 53.44 | Neutral |
| STOCH(9,6) | 73.96 | Neutral |
| STOCHRSI(14) | 19.60 | Buy |
| MACD(12,26) | 1.0138 | Buy |
| ADX(14) | 24.86 | Neutral |
| William %R | -53.92 | Neutral |
| CCI(14) | 32.12 | Neutral |
Buy: 2
Sell: 0
Neutral: 5
Summary: Neutral
Moving Averages
| Period | Simple | Exponential |
|---|---|---|
| MA10 |
67.79
Sell
|
68.11
Sell
|
| MA20 |
67.14
Buy
|
67.36
Buy
|
| MA50 |
65.59
Buy
|
65.16
Buy
|
| MA100 |
61.24
Buy
|
62.10
Buy
|
| MA200 |
56.56
Buy
|
59.20
Buy
|
Buy: 8
Sell: 2
Neutral: 0
Summary: Buy
According to our latest analysis, PRGS could be considered a Strong Buy, with 17 technical analysis indicators signaling 10 Buy signals, 2 signaling Sell signals and 5 Neutral signals. This might be a good time to open fresh positions on PRGS, as trading bullish markets is always a lot easier
- RSI (Relative Strength Index): The RSI(14) value of 53.44 indicates that PRGS is neither overbought nor oversold. It suggests a neutral sentiment in the short term.
- STOCH (Stochastic Oscillator): The STOCH value of 73.96 indicates that PRGS is neither overbought nor oversold. It indicates a balanced market sentiment without any extreme buying or selling pressure.
- STOCHRSI (Stochastic Relative Strength Index): The STOCHRSI value of 19.6 indicates that PRGS is oversold. This suggests that PRGS price is at or near the lowest level relative to its recent price history.
- ADX (Average Directional Index): The ADX value of The ADX value of 24.86 suggests that there may be some movement in price, but it lacks strength or conviction.
- CCI (Commodity Channel Index): A CCI(14) value of A CCI(14) value of 32.12 indicates that PRGS is not in oversold or overbought territory. It suggests a neutral sentiment in the short term.
Long-term PRGS price forecast for 2025, 2030, 2035, 2040, 2045 and 2050
Based on our analysis about Progress Software Corp financial reports and earnings history, Progress Software Corp (PRGS) stock could reach $56.68 by 2030, $79.34 by 2040 and $80.32 by 2050. See the projected annual prices until 2050 of the Progress Software Corp stock below:
- Progress Software Corp (PRGS) is expected to reach an average price of $68.01 in 2035, with a high prediction of $68.94 and a low estimate of $63.52. This indicates an $0.67% rise from the last recorded price of $67.56.
- Progress Software Corp (PRGS) stock is projected to chart a bullish course in 2040, with an average price target of $76.34, representing an $12.99% surge from its current level. The forecast ranges from a conservative $75.12 to a sky-high $79.34.
- Our analysts predict Progress Software Corp (PRGS) to jump 8.16% by 2045, soaring from $68.50 to an average price of $73.08, potentially reaching $76.21. While $68.50 is the low estimate, the potential upside is significant.
- Progress Software Corp (PRGS) stock is expected to climb by 2050, reaching an average of $80.02, a $18.45% jump from its current level. However, a wide range of estimates exists, with high and low targets of $80.32 and $76.97, respectively, highlighting the market's uncertainty.
Progress Software Corp Stock (PRGS) Year by Year Forecast
Progress Software Corp Stock (PRGS) Price Forecast for 2024
Our forecast for PRGS stock price in 2024 now indicates an average price target of $51.59 with a high forecast of $60.33 and a low forecast of $42.86. The average prediction reflects an decrease of -23.63% from the last recorded price of $67.56.
| Month | Average | Low | High | Change from today's price |
|---|---|---|---|---|
| December, 2024 | $48.20 | $46.65 | $49.40 | -28.66% |
Progress Software Corp Stock (PRGS) Price Forecast for 2025
Progress Software Corp Stock (PRGS) is expected to reach an average price of $46.85 in 2025, with a high prediction of $59.04 and a low estimate of $34.66. This indicates an -30.66% fall from the last recorded price of $67.56.
| Month | Average | Low | High | Change from today's price |
|---|---|---|---|---|
| January, 2025 | $48.75 | $47.11 | $49.22 | -27.85% |
| February, 2025 | $51.56 | $48.28 | $59.04 | -23.68% |
| March, 2025 | $42.84 | $42.19 | $53.52 | -36.59% |
| April, 2025 | $38.26 | $34.66 | $44.32 | -43.36% |
| May, 2025 | $44.38 | $36.59 | $44.54 | -34.32% |
| June, 2025 | $42.23 | $39.98 | $48.83 | -37.49% |
| July, 2025 | $43.51 | $42.33 | $49.27 | -35.59% |
| August, 2025 | $42.63 | $42.14 | $46.52 | -36.90% |
| September, 2025 | $43.53 | $40.69 | $43.84 | -35.57% |
| October, 2025 | $42.04 | $42.02 | $46.02 | -37.77% |
| November, 2025 | $43.35 | $41.07 | $45.52 | -35.84% |
| December, 2025 | $43.06 | $42.32 | $47.60 | -36.27% |
Progress Software Corp Stock (PRGS) Price Forecast for 2026
The predicted value for Progress Software Corp (PRGS) in 2026 is set at an average of $51.83. Estimates vary from a peak of $60.71 to a trough of $42.96, indicating an -23.28% surge from the present price of $67.56.
| Month | Average | Low | High | Change from today's price |
|---|---|---|---|---|
| January, 2026 | $47.76 | $42.96 | $47.98 | -29.31% |
| February, 2026 | $50.76 | $46.56 | $51.57 | -24.87% |
| March, 2026 | $50.86 | $49.03 | $55.95 | -24.71% |
| April, 2026 | $51.72 | $46.64 | $52.56 | -23.45% |
| May, 2026 | $50.61 | $48.42 | $52.52 | -25.09% |
| June, 2026 | $51.55 | $47.82 | $54.52 | -23.69% |
| July, 2026 | $51.05 | $48.76 | $54.17 | -24.44% |
| August, 2026 | $54.94 | $49.60 | $54.96 | -18.67% |
| September, 2026 | $52.67 | $51.59 | $55.10 | -22.04% |
| October, 2026 | $53.09 | $50.42 | $53.53 | -21.41% |
| November, 2026 | $53.40 | $49.74 | $54.27 | -20.97% |
| December, 2026 | $56.04 | $51.15 | $60.71 | -17.05% |
Progress Software Corp Stock (PRGS) Price Forecast for 2027
For 2027, Stockscan's Analyst expects the average price target for Progress Software Corp (PRGS) is $54.74, with a high forecast of $60.87 and a low forecast of $48.61. This indicates an -18.98% decrease from the last price of $67.56.
| Month | Average | Low | High | Change from today's price |
|---|---|---|---|---|
| January, 2027 | $58.01 | $55.11 | $58.48 | -14.13% |
| February, 2027 | $59.36 | $55.69 | $60.87 | -12.14% |
| March, 2027 | $53.68 | $52.71 | $59.73 | -20.54% |
| April, 2027 | $52.83 | $51.81 | $56.63 | -21.81% |
| May, 2027 | $51.78 | $49.07 | $53.57 | -23.36% |
| June, 2027 | $51.21 | $48.61 | $52.97 | -24.19% |
| July, 2027 | $54.04 | $49.22 | $54.20 | -20.02% |
| August, 2027 | $55.38 | $51.36 | $57.67 | -18.03% |
| September, 2027 | $55.33 | $52.02 | $56.95 | -18.11% |
| October, 2027 | $53.92 | $52.61 | $57.92 | -20.19% |
| November, 2027 | $52.09 | $51.07 | $58.77 | -22.90% |
| December, 2027 | $56.60 | $49.78 | $56.83 | -16.23% |
Progress Software Corp Stock (PRGS) Price Forecast for 2028
In 2028, Progress Software Corp (PRGS) is projected to reach an average price of $58.17, with a high projection of $68.97 and a low estimate of $47.37. This indicates an -13.90% fall from the last price of $67.56.
| Month | Average | Low | High | Change from today's price |
|---|---|---|---|---|
| January, 2028 | $53.32 | $53.21 | $58.37 | -21.08% |
| February, 2028 | $49.59 | $47.37 | $55.10 | -26.59% |
| March, 2028 | $58.09 | $49.74 | $58.42 | -14.02% |
| April, 2028 | $60.22 | $55.07 | $60.52 | -10.86% |
| May, 2028 | $57.55 | $56.01 | $61.31 | -14.82% |
| June, 2028 | $59.05 | $56.96 | $61.28 | -12.60% |
| July, 2028 | $64.25 | $57.92 | $65.45 | -4.89% |
| August, 2028 | $63.33 | $62.84 | $66.13 | -6.26% |
| September, 2028 | $62.00 | $61.01 | $66.50 | -8.23% |
| October, 2028 | $61.39 | $60.26 | $65.04 | -9.14% |
| November, 2028 | $67.19 | $60.73 | $68.61 | -0.55% |
| December, 2028 | $65.28 | $60.53 | $68.97 | -3.37% |
Progress Software Corp Stock (PRGS) Price Forecast for 2029
The 2029 price forecast for Progress Software Corp Stock (PRGS) is $62.53 on average, with a high prediction of $69.56 and a low estimate of $55.51. This represents an -7.44% decrease from the previous price of $67.56.
| Month | Average | Low | High | Change from today's price |
|---|---|---|---|---|
| January, 2029 | $67.26 | $63.29 | $67.28 | -0.44% |
| February, 2029 | $68.54 | $65.37 | $69.19 | +1.45% |
| March, 2029 | $63.97 | $63.71 | $69.56 | -5.32% |
| April, 2029 | $59.57 | $58.41 | $64.68 | -11.83% |
| May, 2029 | $59.51 | $56.27 | $60.98 | -11.91% |
| June, 2029 | $61.92 | $59.10 | $61.98 | -8.35% |
| July, 2029 | $61.58 | $60.01 | $63.41 | -8.85% |
| August, 2029 | $64.11 | $59.08 | $67.62 | -5.11% |
| September, 2029 | $63.80 | $61.42 | $65.37 | -5.57% |
| October, 2029 | $59.80 | $59.30 | $63.82 | -11.48% |
| November, 2029 | $57.75 | $56.34 | $61.16 | -14.52% |
| December, 2029 | $56.52 | $55.51 | $59.15 | -16.34% |
Progress Software Corp Stock (PRGS) Price Forecast for 2030
Progress Software Corp Stock (PRGS) is expected to reach an average price of $53.40 in 2030, with a high forecast of $65.58 and a low forecast of $41.22. This signifies an -20.95% decrease from the last price of $67.56.
| Month | Average | Low | High | Change from today's price |
|---|---|---|---|---|
| January, 2030 | $54.22 | $52.16 | $56.68 | -19.74% |
| February, 2030 | $54.62 | $52.15 | $60.27 | -19.16% |
| March, 2030 | $54.74 | $53.22 | $57.65 | -18.97% |
| April, 2030 | $50.59 | $49.79 | $53.67 | -25.12% |
| May, 2030 | $51.11 | $49.34 | $55.09 | -24.35% |
| June, 2030 | $52.66 | $49.75 | $54.07 | -22.06% |
| July, 2030 | $54.12 | $52.48 | $55.91 | -19.89% |
| August, 2030 | $54.64 | $53.16 | $55.74 | -19.13% |
| September, 2030 | $56.32 | $54.32 | $56.61 | -16.64% |
| October, 2030 | $58.16 | $56.55 | $65.58 | -13.91% |
| November, 2030 | $44.57 | $41.27 | $58.77 | -34.03% |
| December, 2030 | $45.15 | $41.22 | $49.25 | -33.17% |
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