Progress Software Corporation develops software solutions that enable organizations to build, deploy, and manage applications. Its core products include application development tools, data integration solutions, and business process management software. The company operates primarily in the technology sector, with major business segments focused on application development and data connectivity. Main revenue sources stem from software licenses, subscriptions, and professional services.
The investment profile of Progress Software indicates a balanced approach, appealing to investors seeking a mix of growth and stability. The company's consistent revenue growth and positive earnings surprises suggest potential for appreciation, while the absence of dividends may attract those focused on capital gains.
| Date | Before | After | Reason |
|---|---|---|---|
| 2026-07-29 | Hold | Buy | Strong recent performance and positive EPS surprise. |
| 2026-07-25 | Sell | Hold | Mixed momentum; fundamentals show some strength. |
| 2026-07-23 | Hold | Sell | Weak momentum and high risk; cautious approach advised. |
| 2026-07-10 | Buy | Hold | Strong momentum and positive EPS surprise support growth outlook. |
| 2026-07-02 | — | Buy | Strong recent performance and positive earnings surprise. |
| Date | Analyst | Action | Target | Price Then |
|---|---|---|---|---|
| 2026-08-12 | D.A. Davidson | Target Raised | — → 55 | 42.805 |
| 2026-07-23 | D.A. Davidson | Target Raised | — → 45 | 37.45 |
| 2026-07-01 | Oppenheimer | Target Lowered | 57 → 50 | 38.33 |
| 2026-01-05 | Jefferies | Target Lowered | 50 → 45 | 40.4018 |
| 2025-09-30 | Jefferies | Target Lowered | 60 → 50 | 43.89 |
| 2025-09-30 | D.A. Davidson | Update | — → 75 | 42.61 |
