Wedbush Lowers its Price Target on Progress Software (PRGS) to $45

Progress Software Corporation (NASDAQ:PRGS) is 1 of the 10 Best Stocks That Beat Earnings Estimates. On March 31, 2026, Wedbush lowered the terms people connected Progress Software Corporation (NASDAQ:PRGS) to $45 from $65 to bespeak aggregate compressions, portion maintaining an Outperform rating. The steadfast noted the institution delivered Q1 results up of expectations and raised the debased extremity of its FY26 guidance, pointing to continued execution connected its semipermanent maturation strategy.

Similarly, Oppenheimer expert Ittai Kidron lowered the terms people connected Progress Software Corporation (NASDAQ:PRGS) to $57 from $70 and maintained an Outperform rating, citing industry-wide aggregate pressure. The steadfast said Q1 results were solid, with upside driven by disbursal subject and stronger operating margins.

Meanwhile, Jefferies expert Brent Thill lowered the terms people connected Progress Software Corporation (NASDAQ:PRGS) to $34 from $45 and kept a Hold rating, describing the 4th arsenic marked by “steady execution, beardown margins, and disciplined superior allocation,” but noting that integrated maturation remains successful the low-single-digit scope with constricted near-term catalysts.

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On March 30, 2026, Progress Software Corporation (NASDAQ:PRGS) reported Q1 non-GAAP EPS of $1.60, supra the $1.57 statement estimate, with gross of $248M versus $246.4M consensus. The institution expects FY26 non-GAAP EPS of $5.91-$6.03 compared to the $5.88 consensus.

Progress Software Corporation (NASDAQ:PRGS) develops bundle solutions for AI-driven applications and integer experiences.

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