Progress Software Corporation (NASDAQ:PRGS) is one of the 10 Best Stocks That Beat Earnings Estimates. On March 31, 2026, Wedbush lowered the price target on Progress Software Corporation (NASDAQ:PRGS) to $45 from $65 to reflect multiple compressions, while maintaining an Outperform rating. The firm noted the company delivered Q1 results ahead of expectations and raised the low end of its FY26 guidance, pointing to continued execution on its long-term growth strategy.
Similarly, Oppenheimer analyst Ittai Kidron lowered the price target on Progress Software Corporation (NASDAQ:PRGS) to $57 from $70 and maintained an Outperform rating, citing industry-wide multiple pressure. The firm said Q1 results were solid, with upside driven by expense discipline and stronger operating margins.
Meanwhile, Jefferies analyst Brent Thill lowered the price target on Progress Software Corporation (NASDAQ:PRGS) to $34 from $45 and kept a Hold rating, describing the quarter as marked by “steady execution, strong margins, and disciplined capital allocation,” but noting that organic growth remains in the low-single-digit range with limited near-term catalysts.
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On March 30, 2026, Progress Software Corporation (NASDAQ:PRGS) reported Q1 non-GAAP EPS of $1.60, above the $1.57 consensus estimate, with revenue of $248M versus $246.4M consensus. The company expects FY26 non-GAAP EPS of $5.91-$6.03 compared to the $5.88 consensus.
Progress Software Corporation (NASDAQ:PRGS) develops software solutions for AI-driven applications and digital experiences.
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