Progress Software (PRGS) Stock
Enterprise software tools for business application development and management. Here's the price, business snapshot, and what's worth knowing about Progress Software in September 2026.
Progress Software Corporation (PRGS) is an enterprise software company that supplies tools for building, deploying and managing business applications. With a market capitalisation of about $1.99bn, Progress generates recurring revenue from licences, subscriptions and support, and serves customers across sectors that require application modernisation, digital experience and low-code development. Investors often watch Progress for steady cash flow, product-suite upgrades and efforts to shift customers onto cloud and subscription models. Key considerations include competition from larger cloud and platform vendors, the pace of enterprise IT spending, and the company’s execution on product innovation and sales efficiency. Financially, assess recurring revenue trends, margins and free cash flow; operationally, look at customer retention and product roadmap. This summary is educational and not personal financial advice — values can rise and fall and past performance is not a guide to future returns.
Sixth Month Growth Performance
Stock Performance Snapshot
Analyst Rating
Analysts highly recommend buying Progress Software's stock with a target price of $61.25, indicating significant growth potential.
Financial Health
Progress Software Corp shows strong profitability and cash generation, indicating solid financial performance.
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Why You’ll Want to Watch This Stock
Recurring Revenue Shift
Progress has been moving customers toward subscription and cloud offerings, which can smooth revenues over time — though execution and adoption vary.
Product Modernisation Theme
Demand for modernising legacy systems and low-code tooling can support growth, balanced by competition and changing IT budgets.
Customer Retention Focus
Strong retention and enterprise relationships matter for profitability, but performance can fluctuate with broader economic cycles.
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