Guggenheim initiated coverage on Progress Software with a new price target
$PRGS
Computer Software: Prepackaged Software
Technology
Guggenheim initiated coverage of Progress Software with a rating of Buy and set a new price target of $60.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/13/2025 | $57.00 | Neutral → Buy | Citigroup |
| 3/28/2024 | $65.00 | Buy | DA Davidson |
| 1/24/2023 | $60.00 | Buy | Guggenheim |
| 9/9/2022 | $52.00 | Hold | Jefferies |
| 8/12/2022 | $60.00 | Buy | Guggenheim |
| 10/22/2021 | $60.00 | Overweight | JP Morgan |
| 8/6/2021 | $48.00 | Neutral | Citigroup |
| 7/15/2021 | $54.00 | Outperform | Oppenheimer |
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
Citigroup upgraded Progress Software from Neutral to Buy and set a new price target of $57.00
DA Davidson initiated coverage of Progress Software with a rating of Buy and set a new price target of $65.00
Guggenheim resumed coverage of Progress Software with a rating of Buy and set a new price target of $60.00
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
4 - PROGRESS SOFTWARE CORP /MA (0000876167) (Issuer)
8-K - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
144 - PROGRESS SOFTWARE CORP /MA (0000876167) (Subject)
8-K - PROGRESS SOFTWARE CORP /MA (0000876167) (Filer)
Recognition underscores Progress Software's innovation in removing barriers to GenAI research and making trustworthy RAG accessible to organizations of any size BURLINGTON, Mass., May 14, 2026 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that Progress® Agentic RAG has been named a winner in the 2026 Artificial Intelligence Excellence Awards in the Retrieval-Augmented Generation (RAG) category. Presented by the Business Intelligence Group, the awards recognize organizations, products, teams and individuals applying artificial intelligence (AI) to drive real-world, measurable impact.
State of Accounting 2026 finds accountants embracing AI and automation—yet disconnected systems and inefficient processes continue to limit productivity and consistent client experiences BURLINGTON, Mass., May 12, 2026 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the release of its State of Accounting 2026 report. The nationwide survey of U.S.-based accounting professionals, conducted by Regina Corso Consulting, shows a profession moving fast on AI and automation—while tool sprawl, fragmented systems and inefficient workflows continue to slow firms down and strain the client experien
New office at Embassy Tech Village reinforces the company's long-term commitment to India's tech talent with a focus on AI-led innovation BURLINGTON, Mass., April 14, 2026 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the relocation and expansion of its Bengaluru office, marking a milestone in the growth of its India Global Capability Center (GCC). The move reflects the increasing strategic importance of India in Progress' global AI innovation, talent and growth plans and underscores the company's long-term investment in scaling high-impact engineering, product development, sales, cus
New Agentic RAG capabilities transform enterprise knowledge into verified, dynamically generated digital experiences—delivering instant, hyper-personalized journeys no other CMS can match BURLINGTON, Mass., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Progress Software, the trusted provider of AI-powered digital experience and infrastructure software, today announced early access for Progress® Agentic RAG for Sitefinity®—a breakthrough enterprise-grade capability that combines retrieval-augmented generation (RAG) with real-time content assembly inside the Sitefinity platform. This innovation introduces native, multilingual, agentic RAG-based AI technology to deliver dynamically generated user experi
Company adds easy-to-use agentic RAG-as-a-service product for organizations to automate and retrieve verifiable, high-quality AI search and generative answers BURLINGTON, Mass., June 30, 2025 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the acquisition of Nuclia, an innovator in agentic Retrieval-Augmented Generation (RAG) AI solutions. Nuclia provides a unique agentic RAG-as-a-service product enabling organizations to automatically leverage their own proprietary business information to retrieve verifiable, accurate answers using GenAI. "Nuclia's easy-to-use, self-service SaaS produ
Senior engineering leader to oversee Company's AI strategy and continued rapid development of AI-powered solutions across the global Progress product portfolio BURLINGTON, Mass., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the appointment of Ed Keisling as the Company's Chief AI Officer (CAIO). In this newly created role, Keisling will be responsible for leading the AI strategy for Progress and for further transforming the Company's product portfolio to support customers with their AI journeys. He will report directly to Progress CEO Yogesh Gupta. "Ed is a transformational tec
SC 13G/A - PROGRESS SOFTWARE CORP /MA (0000876167) (Subject)
SC 13G/A - PROGRESS SOFTWARE CORP /MA (0000876167) (Subject)
SC 13G - PROGRESS SOFTWARE CORP /MA (0000876167) (Subject)
BURLINGTON, Mass., March 30, 2026 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), a member of the Russell 2000 Index, today announced its financial results for the fiscal first quarter 2026, which ended on February 28, 2026. Progress is the trusted provider of AI-powered digital experience and infrastructure software. The company's earnings release and a supplemental slide presentation can be accessed via the Investor Events & Presentations link on the Progress Investor Relations webpage. Progress will host a conference call today at 5:00 p.m. ET to discuss its results and outlook. Conference Call Details A live webcast of the call will be available using this link.To access the co
BURLINGTON, Mass., March 16, 2026 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will release financial results for its fiscal first quarter of 2026 after the market close on Monday, March 30, 2026. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. The company's first quarter of fiscal year 2026 ended on February 28, 2026. Conference Call DetailsA live webcast of the call will be available using this link. To access the conference call by phone, please use this link to retrieve dial-in details. To avoid delays, we encourage pa
BURLINGTON, Mass., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Progress Software (NASDAQ:PRGS), a member of the Russell 2000 Index, today announced its financial results for the fiscal fourth quarter and full year 2025, which ended on November 30, 2025. Progress is the trusted provider of AI-powered digital experience and infrastructure software. The company's earnings release and a supplemental slide presentation can be accessed via the Investor Events & Presentations link on the Progress Investor Relations webpage. Progress will host a conference call today at 5:00 p.m. Eastern Time to discuss its results and outlook. Conference Call Details A live webcast of the call will be available using th