Progress Software shares closed at $39.16 and have gained 22.5% over the past four weeks, with Wall Street analysts setting a mean price target of $49.67 that implies a further 26.8% upside. The average is based on six short-term targets ranging from $34.00 to $83.00, with a standard deviation of $17.24. While the lowest estimate suggests a 13.2% decline, the most optimistic points to a 112% gain. Analysts have also been revising earnings estimates higher, with the Zacks Consensus Estimate for the current year rising 1.2% over the past month, and the stock carries a Zacks Rank #2 (Buy).
Progress Software CorporationAnalyst price targets imply 26.8% upside and earnings estimates are being revised higher.