Progress Software

Cloud Migration Risks Will Erode Margins Yet Prompt Renewal

AN

AnalystLowTarget

Not Invested

Community Contributor

Published

20 Jul 25

Updated

22 Mar 26

Views

56

22 Mar

US$29.49

AnalystLowTarget's Fair Value

US$45.00

34.5% undervalued

1Y

-52.3%

7D

1.7%

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1Y

-52.3%

7D

1.7%

You can edit this narrative until Mar 23 6:10 PM. Then, changes will post as Updates.

Author's Valuation

US$4534.5% undervalued

AnalystLowTarget Fair Value

Shared on 22 Mar 26

PRGS: AI And Buybacks Will Support A Repricing Of Bearish Concerns

Analysts have lifted the average price target on Progress Software by $6, reflecting updated views on its growth, profitability, and P/E assumptions after recent research revisions from multiple firms. Analyst Commentary Street research on Progress Software has not been uniformly positive.

9 views

Shared on 22 Feb 26

PRGS: AI And Buybacks Will Support A More Constructive Forward Outlook

Analysts have adjusted their view on Progress Software, with the latest research indicating a modest change in the price target in dollar terms as they refine assumptions around the discount rate, revenue growth, profit margins, and future P/E expectations. Analyst Commentary Recent research on Progress Software has included both upward and downward price target revisions, which signals that opinion is mixed and that the risk and reward trade off is being reassessed.

3 views

Shared on 08 Feb 26

PRGS: AI Tools And Buybacks Will Support Cautious But Balanced Outlook

Analysts have nudged their price target on Progress Software modestly higher by $6 overall, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E after a mix of recent target increases and reductions in Street research. Analyst Commentary Recent research around Progress Software reflects a mixed but generally cautious tone, even with the modest net increase in the overall price target figure.

3 views

Shared on 24 Jan 26

PRGS: AI Offerings And Buybacks Will Support Balanced Future Margin Profile

Analysts have recently adjusted their price targets on Progress Software in a mixed fashion, with one firm lifting its target by US$6 and others trimming theirs by US$3 and US$5. These moves reflect updated views on growth, margins and appropriate forward P/E multiples.

2 views

Shared on 10 Jan 26

Fair value Decreased 10%

PRGS: AI Platform Expansion And M&A Execution Will Support Future Margin Strength

Analysts have reduced their fair value estimate for Progress Software from US$50 to US$45, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E levels. What's in the News Progress was included as one of nine vendors in The Forrester Wave: Digital Experience Platforms, Fourth Quarter 2025, with its Agentic RAG earning the highest score of 5.0 in the Search criterion (Key Developments).

4 views

Shared on 15 Dec 25

Fair value Decreased 12%

PRGS: AI Demand And M&A Execution Will Drive Margin Expansion Ahead

Analysts have trimmed their blended price target on Progress Software to $50 from $57, reflecting expectations for slower top-line growth, despite strong execution, improving margins, and continued benefits from acquisitions and AI-driven demand. Analyst Commentary Analyst commentary on Progress Software reflects a mixed backdrop, with strong recent execution and margin performance counterbalanced by concerns around the sustainability of growth and the stock's risk reward profile.

4 views

Valuator

Company Info

Notes

AnalystLowTarget Fair Value

US$45

34.5% undervalued

Future estimation in

Revenue

Profit Margin

Future PE

Growth p.a.

%

Decrease

Increase

Forecast revenue growth rate

1.01%

Historical revenue growth rate

14.44%

Software revenue growth rate

1.55%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

11.47%

Calculation

US$81.38m

Earnings '29

x

29.93x

PE Ratio '29

=

US$2.44b

Market Cap '29

US$2.44b

Market Cap '29

/

39.49m

No. shares '29

=

US$61.68

Share Price '29

US$61.68 Share Price '29

Discounted to 2026 @ 11.55% p.a.

=

US$44.44

Fair Value '26