PRGS · Progress Software Corporation
$46.31
-0.30% last session
End-of-day data · close of 2026-10-26
Market cap
$2B
Enterprise value
$3B
Trailing P/E
21.3
Forward P/E
6.5
Dividend yield
0.0%
Beta
0.89
Avg volume
1M
Employees
3K
Daily Change %
-0.30%
5 Days Change
0.72%
10 Days Change
13.39%
30 Days Change
17.72%
60 Days Change
3.46%
Month to Day Change
26.60%
Year to Day Change
7.80%
Analyst Outlook
Analyst estimates change daily — follow the shifts on the Estimate Trends page.
Technical Analysis
Analyst sentiment over time — PRGS
Rec Mean (blue, left — higher = more bullish) vs. price targets (right).
Investment Bank Ratings as of 2026-10-02
Latest call per bank · past 12 months
Citigroup
Buy$46.00
-0.7% vs priceJefferies
Hold$34.00
-26.6% vs priceRecent rating actions
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-02 | DA Davidson | Maintains | Buy | $55.00 |
| 2026-08-12 | DA Davidson | Maintains | Buy | $45.00 → $55.00 |
| 2026-07-23 | DA Davidson | Maintains | Buy | $40.00 → $45.00 |
| 2026-07-01 | DA Davidson | Maintains | Buy | $40.00 |
| 2026-07-01 | Oppenheimer | Maintains | Outperform | $57.00 → $50.00 |
| 2026-07-01 | Guggenheim | Reiterates | Buy | $83.00 |
| 2026-04-01 | Citigroup | Maintains | Buy | $60.00 → $46.00 |
| 2026-03-31 | DA Davidson | Maintains | Buy | $50.00 → $40.00 |
Ratings and price targets are the published opinions of the issuing banks, compiled from Yahoo Finance rating actions — not investment advice.
Signal Summary as of 2026-10-26
- bearish: RSI (14): RSI is 72 — overbought territory; the recent run-up may be due for a pause.
- bullish: Price vs 50-day MA: Trading 11.1% above the 50-day MA ($41.68).
- bullish: Price vs 200-day MA: Trading 26.4% above the 200-day MA ($36.65).
- bullish: MA cross: The 50-day MA sits above the 200-day MA (golden-cross regime) — the longer-term trend points up.
- bullish: MACD (12,26,9): MACD histogram is positive (+0.96) — short-term momentum is improving.
- bullish: 52-week range: Price is within 5% of the 52-week high ($46.45).
PRGS Price Chart
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Fundamentals
About Progress Software Corporation
Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools, such as software development tooling collection, including NET and JavaScript UI components for web, desktop and mobile applications, AI-prompt components, reporting and report management tools, and automated testing and mocking tools; Flowmon, a AI-powered network security and visibility product with automated response across hybrid cloud ecosystems; and Kemp LoadMaster, an application delivery and security product for cloud-native, and virtual and hardware load balancers. It also provides MarkLogic, a data agility platform to connect data and metadata; MOVEit, a managed file transfer software; OpenEdge, an application development platform; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation; and WhatsUp Gold, a network infrastructure monitoring software to find and fix network problems. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications, and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
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Data is sourced from end-of-day snapshots and refreshed daily before the US market open — nothing on this page is real-time. Figures can contain vendor errors. This page is for information only and is not investment advice.