Where Does Wall Street Think Progress Software Corp (PRGS) Stock Will Go?

Analysts who follow Progress Software Corp (PRGS) on average expect it to add 12.53% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy. That average rating earns the stock an Analyst Ranking of 59, which means it ranks higher than 59 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating PRGS a Strong Buy today. Find out what this means to you and get the rest of the rankings on PRGS!

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Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Progress Software Corp Stock Today?

Progress Software Corp (PRGS) stock is lower by -0.46% while the S&P 500 is higher by 0.63% as of 10:25 AM on Tuesday, Oct 26. PRGS is lower by -$0.23 from the previous closing price of $50.35 on volume of 138,831 shares. Over the past year the S&P 500 is higher by 35.11% while PRGS is higher by 29.21%. PRGS earned $1.82 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 27.65. Click Here to get the full Stock Report for Progress Software Corp stock.