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As of September 27, 2026, Progress Software Corp. (PRGS) trades at $39.34. CleaRank Financial AI rates it Buy with a fair value of $50.00, 27.1% above the current price. Wall Street's consensus target is $50.00 across 5 analysts. RSI at 33 is in neutral territory, and the price is below its 50-day average of $41.99.
Progress Software Corp. (PRGS)
Progress Software Corp. NASDAQ
$39.34
-0.8900 (-2.21%)
At close: Sep 25, 4:00 PM EDT
AI Analyst Consensus
75 / 100
Progress Software Corp. (PRGS) is currently trading at $39.34, below its 50-day moving average of $41.99, indicating a bearish technical momentum. Despite this, the company maintains a positive health score of 4 out of 5. The stock is priced below its 200-day moving average of $36.94, suggesting a longer-term uptrend is still intact. The company's fundamentals show a profit margin of 8.87% and a return on equity of 18.57%, which are solid within the technology sector. Wall Street analysts maintain a consensus 'Buy' rating with a score of 75, and a median price target of $50.00, implying a 27.1% upside potential. This aligns with our AI-driven fair value estimate of $50.00. While recent insider transactions show a net selling trend, the overall volume has been below average, suggesting limited conviction behind the selling pressure. The company's revenue growth of 6.8% is below the sector median of 24.1%, but its price-to-sales ratio of 1.64 is significantly lower than the sector average of 7.5, indicating a potential valuation discount.
PRGS Price Analysis
Market Metrics
Open
$40.16
Day Range
$39.31 to $40.77
Prev Close
$40.23
Volume
375.2K
52-Week Range
$23.82 to $47.37
Market Cap
$1.61B
Peer Benchmarking
Valuation vs Sector (Technology)
Performance vs XLK
Sector Position Analysis
Trading at a notable discount to sector peers (-43%), which may indicate undervaluation or specific company headwinds.
PRGS Financial Performance
Revenue vs. Earnings
Annual
Quarterly
Earnings Reality Check
Analysis: In the last 4 quarters, PRGS beat estimates 3 times. However, the stock fell 2 times the next day. This suggests positive news is often "priced in" or investors are selling the news.
PRGS Analysis
Company's Health
4/5
12-Month Analyst Target
+27.10% Upside
Median of 5 analysts (12-month)
$50.00
AI Technical Analysis
Progress Software Corp. (PRGS) is currently trading below its 50-day ($41.99) and 20-day ($41.51) moving averages, signaling bearish short-term momentum, with its RSI at 32.97 indicating oversold conditions. The stock is trading above its 200-day moving average ($36.94), suggesting that the longer-term trend remains positive, with $36.94 acting as a key support level. Key resistance is observed around the $41.99 level (50-day SMA). Volume has been below average recently, with the latest volume at 375,200 compared to an average of 558,930, indicating a lack of strong conviction from traders. The MACD is currently negative at -0.63, further supporting the bearish short-term outlook, but the overall chart structure suggests potential for a bounce from current support levels.
ProTips
- Monitor insider transactions closely; a shift from net selling to net buying could signal renewed confidence.
- The stock is trading below its 50-day SMA, indicating bearish short-term momentum; consider waiting for a break above $41.99 before initiating new positions.
- Given the current bearish RSI and price action, consider risk management strategies such as setting stop-losses below the $36.94 support level.
Key Catalysts
Bullish
Positive Earnings Surprise
A stronger-than-expected earnings report could reverse the current bearish technical momentum and attract buying interest.
Source: Internal AnalysisBearish
Continued Insider Selling
Sustained net selling by insiders could signal a lack of confidence in the company's future prospects, potentially weighing on the stock price.
Source: Insider Transactions DataBullish
Break Above Key Resistance
A decisive move above the 50-day SMA at $41.99 could signal a shift in momentum and attract further bullish trading activity.
Source: Technical AnalysisNeutral
Sector Median Revenue Growth
Progress Software's revenue growth of 6.8% lags the sector median of 24.1%, indicating a need for accelerated growth to justify higher multiples.
Source: Sector Averages DataMarket Outlook
The base case for Progress Software Corp. (PRGS) over the next 6-12 months anticipates a potential recovery towards its median analyst target price of $50.00, driven by its attractive valuation relative to sector peers and solid profitability metrics. The stock's current price below its 200-day moving average at $36.94 suggests that this level could act as a strong support, potentially forming the foundation for a rebound. Factors that could alter this outlook include a shift in insider sentiment from net selling to net buying, or a positive earnings surprise that reverses the current bearish technical momentum. Conversely, continued insider selling pressure, a failure to hold the $36.94 support level, or intensifying competition could push the stock lower, potentially testing the lower end of its long-range projection.
Key Statistics
| Market Cap | 1.61B |
|---|---|
| P/E Ratio | 19.53 |
| EPS (TTM) | 2.06 |
| Dividend Yield | 1.78% |
| 52 Week High | 47.37 |
| 52 Week Low | 23.82 |
Progress Software Corp. (PRGS) exhibits a price-to-earnings ratio of 19.53, which is below the sector median of 34, suggesting a potential value opportunity. Its price-to-sales ratio stands at 1.64, considerably lower than the sector average of 7.5, reinforcing the notion of a valuation discount. The company's profit margin is 8.87% and its return on equity is 18.57%, indicating efficient operations and profitability. While the company's revenue growth of 6.8% lags the sector median of 24.1%, its debt-to-equity ratio of 2.62 is comparable to the sector average. The current valuation appears attractive relative to its growth prospects and sector peers, especially considering its solid profitability metrics.
Earnings & Growth Analysis
Progress Software Corp. (PRGS) most recently reported earnings for the quarter ending June 2026, with an actual EPS of $2.81 against an estimate of $3.14, missing expectations by 10.51% and resulting in a 3.65% price increase. Prior to this, the company beat estimates for the quarter ending March 2026 by 8.72%, leading to a significant 16.62% stock price jump. The company has shown mixed performance in beating or missing EPS estimates over the last few reported quarters.
Key Risks
Progress Software Corp. (PRGS) faces moderate selling pressure from insiders, with total sales exceeding purchases by a significant margin, indicating a lack of strong insider conviction. The stock's current technical momentum is bearish, trading below key short-term moving averages, which could lead to further price declines if support levels are breached. Competition within the software infrastructure sector is intense, and the company's revenue growth rate is below the sector average, posing a risk to future expansion.
Technical Indicators
| RSI (14) | 32.97 |
|---|---|
| MACD | -0.63 |
| SMA 50 | 41.99 |
| SMA 200 | 36.94 |
RSI
Bearish
SMA Cross
Bullish
Price vs SMA
Bearish
MACD
Bearish
Golden Cross in effect with the 50-day SMA ($41.99) above the 200-day SMA ($36.94), price is trading below the 50-day SMA.
Market Correlations
How this stock moves relative to other assets
Based on 1 year of daily price data. Correlations may vary over different time periods.
S&P 500 (SPY)
+0.23
Weak correlation
Nasdaq 100 (QQQ)
+0.17
Weak correlation
Bitcoin (BTC)
+0.09
Weak correlation
Gold (XAU)
-0.06
Weak correlation
Check Custom Correlation
How does any other asset move with PRGS? One year of daily closes, Pearson correlation.
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PRGS Trade Plans
Specific entry, exit, and risk management levels
Select Your Trade Bias
Risk Tolerance
Conservative
2%
Aggressive
Portfolio Value
$
Position Size: Enter portfolio size →
Long entry pick an entry style
Conservative
$38.55
2% below current price (Pullback entry)
Lower risk, wait for pullback
Aggressive
$39.34
Buy at current price
Higher risk, immediate entry
Risk Management
STOP LOSS
$36.41
MAX LOSS
-5.6%
Volatility-Adjusted Stop Loss
Calculated based on RSI (33.0) and current market volatility
Profit Targets (Based on Conservative Entry)
TARGET 1
$40.48
+5% (Conservative)
+2.9% (Aggressive)
TARGET 2
$42.41
+10% (Conservative)
+7.8% (Aggressive)
TARGET 3
$44.34
+15% (Conservative)
+12.7% (Aggressive)
Consider scaling out: Take 50% profit at Target 1, 30% at Target 2, let 20% run to Target 3
Calculate Your Trade
Disclaimer
This AI-generated trade plan for PRGS is for educational and informational purposes only and does not constitute financial advice. The analysis is based on historical data patterns and technical indicators which may not predict future results. Stock trading involves risk of loss. Verify all data independently and consult a qualified financial advisor. Generated on September 27, 2026.Growth of $10,000
A $10,000 investment in PRGS in September 2016 would be worth about $14,075 today, compared with about $35,782 for the same investment in the S&P 500 benchmark.
Compare with Another Ticker
Monte Carlo Projection (10yr)
CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in PRGS today could grow to about $16,558 by 2036 in the base case, with a bull case near $66,163 and a bear case around $4,144. Projections are statistical simulations, not guarantees.
PRGS Stock Price Prediction: 2030
CleaRank's simulation projects a price near $48.13 for PRGS by 2030 in the base case, from $39.34 today (1.2x over 4 years). The downside path ends near $20.04. These are outcomes of a Monte Carlo simulation run on PRGS's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | Downside (10th pct) | Base case | Upside (90th pct) |
|---|---|---|---|
| 2027 | $26.70 | $41.37 | $64.12 |
| 2028 | $23.42 | $43.51 | $80.85 |
| 2029 | $21.43 | $45.77 | $97.74 |
| 2030 | $20.04 | $48.13 | $116 |
| 2031 | $19.01 | $50.62 | $135 |
| 2032 | $18.21 | $53.24 | $156 |
| 2033 | $17.57 | $55.99 | $178 |
| 2034 | $17.06 | $58.89 | $203 |
| 2035 | $16.64 | $61.94 | $231 |
| 2036 | $16.30 | $65.14 | $260 |
Method: 10,000 simulated price paths using PRGS's historical volatility and drift, re-run daily. The base case is the median path; the two outer columns are the 10th and 90th percentile outcomes, which widen with time because uncertainty compounds. Simulations are not guarantees, and past volatility does not predict future returns. This is analysis, not investment advice.
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PRGS Insider Trading Analysis
Bought
$428.2K
3 Transactions
Sold
$5.9M
18 Transactions
Insiders
16
Active Traders
Avg Transaction
$299.0K
Moderate size
| Date | Insider | Type | Shares | Value |
|---|---|---|---|---|
| Jan 4, 2017 | PRAESIDIUM INVESTMENT MANAGEMENT COMPANY, L.L.C.
Beneficial Owner of more than 10% of a Class of Security
|
Sell | 850.0K | $26.2M |
| Feb 3, 2017 | PRAESIDIUM INVESTMENT MANAGEMENT COMPANY, L.L.C.
Beneficial Owner of more than 10% of a Class of Security
|
Sell | 100.0K | $2.8M |
| Apr 1, 2024 | GUPTA YOGESH K
Chief Executive Officer
|
Sell | 50.8K | $2.7M |
| Apr 20, 2023 | JARRETT LOREN
Officer
|
Sell | 46.0K | $2.6M |
| Feb 1, 2024 | GUPTA YOGESH K
Chief Executive Officer
|
Sell | 40.2K | $2.3M |
| Nov 3, 2021 | QUINN GARY
Officer
|
Sell | 40.2K | $2.1M |
| May 9, 2025 | JARRETT LOREN
Officer
|
Sell | 34.1K | $2.1M |
| Apr 5, 2019 | EGAN JOHN R
Director
|
Sell | 45.0K | $2.0M |
| May 14, 2024 | AINSWORTH JOHN
Officer
|
Sell | 30.6K | $1.6M |
| Feb 2, 2023 | SEGAL JEREMY
Officer
|
Sell | 23.5K | $1.3M |
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Frequently Asked Questions
What is Progress Software Corp.'s current stock price and rating?
Progress Software Corp. (PRGS) is currently trading at $39.34. The consensus rating is 'Buy' with a consensus score of 75 out of 100.
What is the median analyst price target for Progress Software Corp. stock?
The median analyst price target for Progress Software Corp. is $50.00, suggesting a potential upside of 27.1% from the current price.
Is Progress Software Corp. stock technically overbought or oversold?
Progress Software Corp. (PRGS) is currently exhibiting bearish momentum, with its RSI at 33.0 indicating oversold conditions, and trading below its 50-day moving average.
What are the key support and resistance levels for Progress Software Corp.?
The key support level for Progress Software Corp. is around its 200-day moving average at $36.94, while resistance is observed near its 50-day moving average at $41.99.
How does Progress Software Corp.'s valuation compare to its sector peers?
Progress Software Corp. (PRGS) trades at a P/E ratio of 19.53 and a P/S ratio of 1.64, which are significantly lower than the sector medians of 34 and 7.5, respectively, indicating a potential valuation discount.
What is the insider sentiment for Progress Software Corp. stock?
Insider sentiment for Progress Software Corp. is currently a 'Moderate Sell Signal', with total insider sales of $5.9 million significantly outweighing total purchases of $428,200.
What is Progress Software Corp.'s stock forecast for 2030?
Based on Monte Carlo simulations, Progress Software Corp.'s stock forecast for 2030 includes a base case price of $48.13 and a downside projection of $20.04. These are statistical outcomes, not price targets.