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PRGS
$28.95+1.10 (+3.95%)
Market ClosedLast close May 1
Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally.
Historical Price
Price (Candle)
50-Day SMA
200-Day SMA
Whystock Brain
The Narrative
Progress Software Corporation in the Technology sector is trading at $28.95. The stock is currently near its 52-week low of $23.82, remaining 28.8% below its 200-day moving average. Technical signals show neutral RSI of 56 and bullish MACD crossover, explaining why PRGS maintains its current current market pressure. The Whystock Score of 30/100 signals elevated caution as indicators diverge.
Ecosystem Influences
Neutral momentum (RSI 56) — price action in range
Long-term trend bearish (Price vs 200-day SMA)
Macro-economic sensitivity to interest rate and inflation shifts
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Peer Comparison
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Whystock Valuation Model
Whystock fair value is estimated using a trailing P/E model adjusted for return on equity: Fair P/E = 18 + (ROE × 20). Fair Value = (Current Price ÷ Trailing P/E) × Fair P/E. A base P/E of 18 represents a typical market multiple, scaled upward for companies that earn high returns on equity. The result is a theoretical "normalised" price — not a price target or investment advice. Large deviations are common for high-growth or loss-making companies.
Current Price$28.95
Potential Upside
53%
Whystock Fair Value$44.29
Price
UndervaluedFair ValueOvervalued
Simplified model based on P/E and ROE. Not a substitute for full valuation analysis. Data may be delayed. See our Terms.
Fundamentals
Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-ge...
Market Cap
Total dollar market value of a company's outstanding shares of stock (Price * Shares).
$1.15B
P/E Ratio
Value territory. Trading at a high yield relative to earnings.
13.99
Beta
Defensive asset. Lower volatility than the S&P 500.
0.76
Div Yield
Low to zero yield. Return is entirely dependent on price appreciation.
0.00%
ROE
Elite ROE. Management converts capital into profit efficiently.
17.04%
Volume
Today's trading volume
670,333
Recent News
PRGS vs. SNPS: Which Stock Is the Better Value Option?
PRGS vs. SNPS: Which Stock Is the Better Value Option?
Progress Software (PRGS) Valuation Check After Steep Three Month Share Price Pullback
Progress Software stock performance sets the stage Progress Software (PRGS) has drawn attention after a series of weak returns, with the stock down about 10% over the past week, 5% over the past month, and 35% over the past 3 months. See our latest analysis for Progress Software. At a share price of US$27.46, the 1 year total shareholder return of 53.51% and 3 year total shareholder return of 49.08% suggest fading momentum following a much steeper recent share price pullback. If you are...
Are Investors Undervaluing Progress Software (PRGS) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Does Progress Software (PRGS) Have the Potential to Rally 62.29% as Wall Street Analysts Expect?
The average of price targets set by Wall Street analysts indicates a potential upside of 62.3% in Progress Software (PRGS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
New Price Target for Progress Software Amid Sector Pressures
Progress Software Corporation (NASDAQ:PRGS) is among the 14 Most Undervalued Cybersecurity Stocks to Invest In. On April 1, Citi analyst Fatima Boolani lowered the firm’s price target on Progress Software Corporation (NASDAQ:PRGS) to $46 from $60 while maintaining a Buy rating, reflecting a more conservative valuation framework amid broader software sector pressures. The adjustment suggests that […]