PRGS Stock Analysis: Buy, Sell, or Hold?
PRGS - Progress Software Corp (DE)
$38.59
0.73 (1.93%)
▲
5d:
-0.39%
30d:
+21.28%
90d:
+44.8%
BUY
MODERATE Confidence
Analysis Updated: Jul 10, 2026 12:00 AM ET
Earnings: Jun 30, 2026
0d
Smart Money Distribution
None View Scanner →
Strength: 6.5/10
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Interactive Price Chart (1 Month)
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Bottom Line:
💡 BUY OPPORTUNITY: PRGS shows positive signals but monitor for confirmation. Market pricing in 0.5% annual growth which appears achievable. Moderate conviction.
💡 BUY OPPORTUNITY: PRGS shows positive signals but monitor for confirmation. Market pricing in 0.5% annual growth which appears achievable. Moderate conviction.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$43.18
Based on 2.9% avg growth
INTRINSIC VALUE TODAY
$26.81
Trading above historical range
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 6.0x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: PRGS is currently trading at $38.59, which is considered extended relative to its 30-day fair value range of $29.69 to $37.05. The stock's valuation (Forward PE: 6.1) is in line with its historical norms (6.0). At these levels, the market is pricing in 0.5% annual earnings growth. This growth rate appears achievable given the company's track record, suggesting the valuation is rational.
Technical Outlook: Technically, PRGS is in a strong downtrend. The price is approaching resistance at $35.38. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: PRGS has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. In the options market, Implied Volatility is low (0th percentile), suggesting options premiums are relatively cheap. This makes it an attractive time for long options strategies if you have a directional bias. Wall Street analysts see significant upside, with an average price target of $50.67 (+33.8%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, PRGS is in a strong downtrend. The price is approaching resistance at $35.38. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: PRGS has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. In the options market, Implied Volatility is low (0th percentile), suggesting options premiums are relatively cheap. This makes it an attractive time for long options strategies if you have a directional bias. Wall Street analysts see significant upside, with an average price target of $50.67 (+33.8%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
EXTENDED
Historical Trading Range
$29.69 -
$37.05
Company Quality Score
59/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
70.0%
All Signals
- BEARISH: Price extended above range
- BULLISH: Options cheap (IV 0th percentile)
- BULLISH: Strong technical setup (75/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 33.8% below Wall St target ($50.67)
- NEUTRAL: Market pricing in 0.5% annual earnings growth - fairly valued
Trading Range Analysis
30-Day Trading Range
$29.69 -
$37.05
Current vs Trading Range
EXTENDED
Expected Move (7 Days)
±$2.88
(7.5%)
Support & Resistance Levels
Support Level
$29.23
Resistance Level
$35.38
Current Trend
Strong Downtrend
Technical data as of
Jun 9, 2026
Fundamental Context
Forward P/E (Next Year Est.)
6.07
Wall Street Target
$50.67
(+33.8%)
Revenue Growth (YoY)
6.8%
Earnings Growth (YoY)
28.2%
Profit Margin
8.9%
Valuation Premium vs History
+0.5% premium
PE vs Historical
6.1 vs 6.0
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+0.5%
(market-implied from PE analysis)
1-Year Target
$38.05
(+1%)
2-Year Target
$38.24
(+1%)
3-Year Target
$38.43
(+2%)
3-Yr Target (if PE normalizes)
(PE: 6→6)
PE COMPRESSION
$38.00
(+0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 21.8, Growth: 1.8%)
$143.23
(+278%)
Base:
(SPY PE: 6.1, Growth: 1.8%)
$39.90
(+5%)
Bear:
(PE: 5.2, Growth: 1.8%)
$33.92
(-10%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (19x PE), but valuation improves significantly next year (6x PE) as earnings recover.
Trailing PE: 19.07 | Current EPS (TTM): $1.98
Bull Case
$83.07
(+119%)
Analyst growth 100.0%, PE expands to 21.0
Base Case
$75.52
(+100%)
Market implied 100.0%, PE stable at 19.1
Bear Case
$25.68
(-32%)
Severe decline -20.0%, PE contracts to 16.2
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: July 13, 2026 12:43 PM ET
Data refreshes hourly during market hours. Next update: 1:43 PM
Data refreshes hourly during market hours. Next update: 1:43 PM
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Technical Signals Check
Is PRGS showing a specific setup today?
Insider Activity (6 Months)
0
Buys
5
Sells
Net
INSIDERS SELLING
Recent Transactions
Kevin Hern
SELL
2026-03-16
Sundar Subramanian
SELL
1600 shares
2026-03-11
Sundar Subramanian
SELL
21594 shares
2026-03-10
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Advanced PRGS Option Strategies
Professional options setups generated by AI based on today's PRGS price and gamma walls.
