Based on the Progress Software Corporation stock forecast from 6 analysts, the average analyst target price for Progress Software Corporation is USD 75.86 over the next 12 months. Progress Software Corporation’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Progress Software Corporation is Slightly Bullish , which is based on 8 positive signals and 5 negative signals. At the last closing, Progress Software Corporation’s stock price was USD 57.46. Progress Software Corporation’s stock price has changed by +1.79% over the past week, +4.04% over the past month and +14.78% over the last year.
No recent analyst target price found for Progress Software Corporation
No recent average analyst rating found for Progress Software Corporation
Company Overview Progress Software Corporation
Progress Software Corporation develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data, and SaaS data sources; Developer Tools that consists of 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 offering 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 for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit; OpenEdge, an application development platform for running business-critical applications; Semaphore, a Semantic AI platform; ShareFile, an SaaS-native AI-powered document centric collaboration platform; Sitefinity, a digital experience platform foundation, delivering intelligent, AI-powered, ROI-driving tools for marketers, and an extensible platform for developers; and WhatsUp Gold, a network infrastructure monitoring software providing visibility of various network devices, servers, virtual machines, and cloud and wireless environments 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 Read Less
Progress Software Corporation develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platfo...Read More
Frequently Asked Questions About Progress Software Corporation (PRGS) Stock
Based on ratings from 6 analysts Progress Software Corporation's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 5 buy, sell and 2 hold ratings.
PRGS stock's dividend yield is 1.36%.
Our analysis grades PRGS stock's dividend yield at F. This means that PRGS stock's dividend yield is above 33% of the stocks in the Software - Infrastructure sector in the NSD exchange.
Based on this PRGS may be a poor dividend stock for its sector.
Based on targets from 6 analysts, the average taret price for PRGS is USD 75.86 over the next 12 months. The maximum analyst target price is USD 83 while the minimum anlayst target price is USD 65.
PRGS stock's Price/Earning ratio is 33.37.
Our analysis grades PRGS stock's Price / Earning ratio at F. This means that PRGS stock's Price/Earning ratio is above 64% of the stocks in the Software - Infrastructure sector in the NSD exchange.
Based on this PRGS may be a overvalued for its sector.
The last closing price of PRGS's stock was USD 57.46.
The most recent market capitalization for PRGS is USD 2.21B.
Based on targets from 6 analysts, the average taret price for PRGS is projected at USD 75.86 over the next 12 months.
This means that PRGS's stock price may go up by +32.02% over the next 12 months.
We can't find any ETFs which contains Progress Software Corporation's stock.
As per our most recent records Progress Software Corporation has 2,815 Employees.
Progress Software Corporation's registered address is 15 Wayside Road, Burlington, MA, United States, 01803.
You can get more information about it from Progress Software Corporation's website at https://www.progress.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
Superior Dividend Growth
This stock has shown top quartile dividend growth in the previous 5 years compared to its sector
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Frequently Asked Questions About Progress Software Corporation (PRGS) Stock
Based on ratings from 6 analysts Progress Software Corporation's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 5 buy, sell and 2 hold ratings.
PRGS stock's dividend yield is 1.36%.
Our analysis grades PRGS stock's dividend yield at F. This means that PRGS stock's dividend yield is above 33% of the stocks in the Software - Infrastructure sector in the NSD exchange.
Based on this PRGS may be a poor dividend stock for its sector.
Based on targets from 6 analysts, the average taret price for PRGS is USD 75.86 over the next 12 months. The maximum analyst target price is USD 83 while the minimum anlayst target price is USD 65.
PRGS stock's Price/Earning ratio is 33.37.
Our analysis grades PRGS stock's Price / Earning ratio at F. This means that PRGS stock's Price/Earning ratio is above 64% of the stocks in the Software - Infrastructure sector in the NSD exchange.
Based on this PRGS may be a overvalued for its sector.
The last closing price of PRGS's stock was USD 57.46.
The most recent market capitalization for PRGS is USD 2.21B.
Based on targets from 6 analysts, the average taret price for PRGS is projected at USD 75.86 over the next 12 months.
This means that PRGS's stock price may go up by +32.02% over the next 12 months.
We can't find any ETFs which contains Progress Software Corporation's stock.
As per our most recent records Progress Software Corporation has 2,815 Employees.
Progress Software Corporation's registered address is 15 Wayside Road, Burlington, MA, United States, 01803.
You can get more information about it from Progress Software Corporation's website at https://www.progress.com.
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