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Progress Software ( (PRGS) ) has provided an announcement.
Progress Software announced its financial results for the second quarter of 2025, reporting a 36% year-over-year increase in revenue to $237 million and a 46% increase in annualized recurring revenue to $838 million. The company also raised its full-year guidance for revenue, operating margin, earnings per share, and cash flow, reflecting strong performance across all geographies and successful integration of ShareFile. Additionally, Progress acquired Nuclia, an innovator in agentic Retrieval-Augmented Generation AI solutions, to enhance its Data Platform and expand market reach.
The most recent analyst rating on (PRGS) stock is a Buy with a $75.00 price target. To see the full list of analyst forecasts on Progress Software stock, see the PRGS Stock Forecast page.
Spark’s Take on PRGS Stock
According to Spark, TipRanks’ AI Analyst, PRGS is a Outperform.
Progress Software’s strong financial performance and positive earnings call are the most significant factors driving the score. The technical indicators suggest potential overbought conditions, while the valuation indicates the stock is currently overvalued. The strategic initiatives and successful integrations provide a positive outlook, but investors should be cautious of high valuations.
To see Spark’s full report on PRGS stock, click here.
More about Progress Software
Progress Software is a trusted provider of AI-powered digital experience and infrastructure software.
Average Trading Volume: 567,777
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.74B
For detailed information about PRGS stock, go to TipRanks’ Stock Analysis page.