Progress Software Corporation (NASDAQ:PRGS) will release earnings for its first quarter after the closing bell on Monday, March 30.

Analysts expect the Burlington, Massachusetts-based company to report quarterly earnings of $1.57 per share, up from $1.31 per share in the year-ago period. The consensus estimate for Progress Software's quarterly revenue is $246.4 million (it reported $238.01 million last year), according to Benzinga Pro.

On Jan. 20, Progress Software reported better-than-expected fourth-quarter adjusted EPS results and issued first-quarter guidance above estimates.

Progress Software shares fell 4.1% to trade at $27.98 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Wedbush analyst Daniel Ives maintained an Outperform rating and cut the price target from $75 to $65 on Jan. 22, 2026. This analyst has an accuracy rate of 75%.
  • Citigroup analyst Fatima Boolani maintained a Buy rating and increased the price target from $54 to $60 on Jan. 22, 2026. This analyst has an accuracy rate of 68%.
  • Jefferies analyst Brent Thill maintained a Hold rating and slashed the price target from $50 to $45 on Jan. 5, 2026. This analyst has an accuracy rate of 71%.
  • Guggenheim analyst John Difucci maintained a Buy rating with a price target of $83 on April 1, 2025. This analyst has an accuracy rate of 56%.
  • Wells Fargo analyst Eva Fortea Verdejo maintained an Equal-Weight rating and raised the price target from $8 to $11 on Nov. 11, 2025. This analyst has an accuracy rate of 66%.

Considering buying PRGS stock? Here’s what analysts think:

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