Progress Software Stock Forecast for 2023 - 2025 - 2030

Updated on 12/07/2023

Stock Rating
10
Price Target
$64.50
Consensus
Outperform
Upside
20.36%
Analysts
2
Stock Rating
10
Upside
20.36%
Analysts
2
Price Target
$64.50

Progress Software Stock Forecast and Price Target

In recent months, two notable analysts have provided yearlong price targets for Progress Software, with the average target coming in at $64.50. If it were to be achieved, this would result in a potential upside of approximately 20.36 percent from the most recent closing price in December, 2023. The high end is $66.00, and the low is $60.00. Even if you are not interested in PRGS stock, you should still be aware of its competitors.

$64.50

20.36% Upside

Outperform
Outperform

Progress Software Fair Value Forecast for 2023 - 2025 - 2030

In the last three years, Progress Software's Price has increased by 53.53%, going from $35.32 to $54.23. In the next year, analysts are expecting an increase in Fair Value, predicting it will reach $61.45 – an increase of 13.32%. The Progress Software forecast is for Fair Value to reach $68.16 or grow by 25.69%.

2024 Fair Value Forecast
$61.45
2024 Fair Value Forecast
$61.45
2025 Fair Value Forecast
$70.64
2025 Fair Value Forecast
$70.64
2026 Fair Value Forecast
$67.58
2027 Fair Value Forecast
$65.67
2028 Fair Value Forecast
$67.29
2029 Fair Value Forecast
$68.42
2030 Fair Value Forecast
$68.16
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
MSFT Stock Forecast Microsoft Corp Buy 18
$368.80 Buy/Sell $407.07 12.26%
AMZN Stock Forecast Amazon.com Inc Buy 13
$144.52 Buy/Sell $173.94 21.09%
CRM Stock Forecast Salesforce Outperform 16
$249.13 Buy/Sell $254.40 9.38%
IBM Stock Forecast International Business Machine... Hold 8
$160.28 Buy/Sell $146.13 -9.53%
VMW Stock Forecast VMware - 6
$142.48 Buy/Sell $154.76 0.32%

Progress Software Revenue Forecast for 2023 - 2025 - 2030

In the last three years, Progress Software's Revenue has increased by 45.66%, going from $413.30M to $602.01M. In the next year, analysts are expecting an increase in Revenue, predicting it will reach $730.68M – an increase of 21.37%. The Progress Software forecast is for Revenue to reach $751.01M or grow by 24.75%.

2024 Rev Forecast
$0.73B
2025 Rev Forecast
$0.79B
2025 Rev Forecast
$0.79B
2026 Rev Forecast
$0.72B
2027 Rev Forecast
$0.73B
2028 Rev Forecast
$0.75B
2029 Rev Forecast
$0.76B
2030 Rev Forecast
$0.75B
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
BA. Stock Forecast BAE Systems Outperform 18
£10.31 Buy/Sell £9.23 14.55%
FICO Stock Forecast Fair Isaac Corp Outperform 16
$1.11k Buy/Sell $727.43 -4.24%
AKAM Stock Forecast Akamai Technologies Inc Outperform 14
$114.47 Buy/Sell $117.05 4.83%

Progress Software Dividend per Share Forecast for 2023 - 2025 - 2030

In the last three years, Progress Software's Dividend per Share has grown, increasing from $0.63 to $0.70 – an increase of 11.11%. For next year, the 3 analysts predict Dividend per Share of $0.72, which would mean an increase of 2.86%. Over the next eight years, the pros' prediction is Dividend per Shareof $0.75, which would mean a eight-year growth forecast of 7.32%.

2024 DPS Forecast
$0.72
2024 DPS Forecast
$0.72
2025 DPS Forecast
$0.78
2026 DPS Forecast
$0.75
2027 DPS Forecast
$0.74
2028 DPS Forecast
$0.74
2029 DPS Forecast
$0.75
2030 DPS Forecast
$0.75
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
OTEX Stock Forecast Open Text Outperform 18
$39.74 Buy/Sell $48.20 25.82%
FFIV Stock Forecast F5 Networks Inc Hold 15
$168.66 Buy/Sell $166.22 -2.76%
PEGA Stock Forecast Pegasystems Outperform 8
$51.94 Buy/Sell $52.17 0.12%

Progress Software Free Cash Flow Forecast for 2023 - 2025 - 2030

In the last three years, Progress Software's Free Cash Flow has grown, increasing from $124.48M to $187.51M – a growth of 50.63%. The next year looks promising for Progress Software, with analysts predicting Free Cash Flow of $212.90M – an increase of 13.54%. Over the next ten years, experts anticipate that Progress Software's Free Cash Flow will grow at a rate of 84.47%.

2024 FCF Forecast
$0.21B
2024 FCF Forecast
$0.21B
2025 FCF Forecast
$0.25B
2025 FCF Forecast
$0.25B
2026 FCF Forecast
$0.27B
2026 FCF Forecast
$0.27B
2027 FCF Forecast
$0.29B
2028 FCF Forecast
$0.31B
2029 FCF Forecast
$0.33B
2030 FCF Forecast
$0.35B
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
SOW Stock Forecast Software Hold 18
31.74€ Buy/Sell 0.00€ 0.82%
CSGS Stock Forecast CSG Systems International Buy 18
$52.92 Buy/Sell $71.50 24.72%
ATEN Stock Forecast A10 Networks Outperform 12
$12.59 Buy/Sell $0.00 19.14%

Progress Software Net Income Forecast for 2023 - 2025 - 2030

Progress Software's Net Income has increased by 260.11% In the last three years, going from $26.40M to $95.07M. In the next year, analysts expect Net Income to reach $212.18M – an increase of 123.18%. For the next eight years, the forecast is for Net Income to grow by 121.11%.

2024 NI Forecast
$0.21B
2025 NI Forecast
$0.24B
2025 NI Forecast
$0.24B
2026 NI Forecast
$0.19B
2027 NI Forecast
$0.20B
2028 NI Forecast
$0.21B
2029 NI Forecast
$0.22B
2030 NI Forecast
$0.21B
Ticker Name Consensus Stock Rating Price Buy/Sell Price Target Upside/Downside
RDWR Stock Forecast Radware Hold 16
$15.83 Buy/Sell $0.00 9.73%
AXW Stock Forecast Axway Software Buy 16
24.60€ Buy/Sell 0.00€ 8.74%
ICC Stock Forecast I.C.C. International Public Co... - 13
฿40.50 Buy/Sell ฿0.00 -100.00%

Progress Software EBITDA Forecast for 2023 - 2025 - 2030

In the last three years, Progress Software's EBITDA has grown by 56.91%, from $128.85M to $202.18M. For the next year, analysts are expecting EBITDA to reach $274.50M – an increase of 35.77%. Over the next eight years, experts predict that EBITDA will grow by 22.53%.

2024 EBITDA Forecast
$0.27B
2024 EBITDA Forecast
$0.27B
2025 EBITDA Forecast
$0.25B
2026 EBITDA Forecast
$0.24B
2027 EBITDA Forecast
$0.25B
2028 EBITDA Forecast
$0.26B
2029 EBITDA Forecast
$0.25B
2030 EBITDA Forecast
$0.25B

Progress Software EBIT Forecast for 2023 - 2025 - 2030

In the last three years, Progress Software's EBIT has grown from $72.17M to $127.45M – a 76.60% increase. Next year, analysts are expecting EBIT to reach $289.78M – an increase of 127.37%. Over the next eight years, the forecast is for EBIT to grow by 119.15%.

2024 EBIT Forecast
$0.29B
2024 EBIT Forecast
$0.29B
2025 EBIT Forecast
$0.32B
2026 EBIT Forecast
$0.25B
2027 EBIT Forecast
$0.27B
2028 EBIT Forecast
$0.28B
2029 EBIT Forecast
$0.29B
2030 EBIT Forecast
$0.28B

Progress Software EPS Price Prediction Forecast for 2023 - 2025 - 2030

In the last three years, Progress Software's EPS has increased by 53.53%, going from $2.69 to $4.13. In the next year, analysts are expecting an increase in EPS, predicting it will reach $4.68 – an increase of 13.32%. The Progress Software forecast is for EPS to reach $5.19 or grow by 25.69%.

2024 EPS Forecast
$4.68
2024 EPS Forecast
$4.68
2025 EPS Forecast
$5.38
2025 EPS Forecast
$5.38
2026 EPS Forecast
$5.15
2027 EPS Forecast
$5.00
2028 EPS Forecast
$5.13
2029 EPS Forecast
$5.21
2030 EPS Forecast
$5.19