Should I buy Progress Software Corporation (PRGS) stock or is it too late?
No reliable analyst is bullish on this stock right now. A “reliable” analyst is a firm that, on this sector, hits more than 55% of its targets and beats its sector. None of them sees upside here — which is exactly why this stock is in no JPI selection.
Firm-by-firm track record on Progress Software Corporation
| Firm | % right | Gain vs sector | Calls | Aims for |
|---|---|---|---|---|
| Oppenheimer | 44 % | -1.8 % | 9 | $50 +11% |
| Wedbush | 45 % | -5.3 % | 11 | $45 +0% |
| Guggenheim | 33 % | -13.4 % | 9 | $83 +84% |
| DA Davidson | 14 % | -22.4 % | 7 | $55 +22% |
✅ Reasons to believe
- 83% of analysts rate it a buy (Buy consensus, 6 ratings) — a sign of market conviction.
⚠️ Reasons to hesitate
- Even the most reliable firm on PRGS, Wedbush (45% hit rate, 11 scored calls), only targets $45 (call made on March 31, 2026, maturing on March 31, 2027) (+0%) in its most recent call, and $65 (call made on January 22, 2026, maturing on January 22, 2027) (+44%) in the one coming due soonest. The stock may already have run past its target.
- The consensus is not unanimous: of 6 ratings, 1 is neutral.
- Limited upside: the median target is only +6% from the current price.
- A 12-month target is not a guaranteed path: the price can fall in the meantime.
- Volatile stock: sharp swings — including steep drops — are part of its profile.
- No dividend: your return depends only on price appreciation.
The analyst consensus on PRGS
Median target $48 (+6%) · 6 ratings · Buy consensus
⚠️ Information, not investment advice. Past performance does not guarantee future results. Analyst targets on a ~12-month horizon.
Frequently asked questions
Should you invest in Progress Software Corporation now?
We won't decide for you. The facts: 83% of analysts rate it a buy, median target $48 (+6%), and Wedbush (most reliable on PRGS, 45%) targets $45. Weigh that against valuation and volatility. This is not personalized advice.
Is it too late to invest in Progress Software Corporation?
Not according to analysts: the median target ($48) is still +6% above the current price ($45) (most reliable on PRGS: Wedbush, 45%). The real question isn't "too late" but the price-to-value gap and risk. Not advice.
Is Progress Software Corporation still worth investing in?
It depends on the gap between the price ($45) and its estimated value: analysts target $48 on median (+6%), with 83% buys (most reliable on PRGS: Wedbush, 45%). Cross-check with their real reliability on PRGS and the cautions above. Information, not advice.
What's the main risk in buying PRGS?
Even the most reliable firm on PRGS, Wedbush (45% hit rate, 11 scored calls), only targets $45 (call made on March 31, 2026, maturing on March 31, 2027) (+0%) in its most recent call, and $65 (call made on January 22, 2026, maturing on January 22, 2027) (+44%) in the one coming due soonest. The stock may already have run past its target.
→ Go deeper: the full Progress Software Corporation profile (consensus, analyst reliability, price target, performance).