DA Davidson keeps its USD 55.00 target for Progress Software stock

Published on 10/20/2026 at 20:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Progress Software's median target was USD 54.41 on October 12, 2026. Progress Software stock costs EUR 38.90 on October 20, 2026.

Analyst target and valuation

DA Davidson maintained a USD 55.00 target for Progress Software on October 2, 2026.
Progress Software had a USD 1.8 billion market capitalization and a 20.19 price-to-earnings ratio on October 20, 2026.
Progress Software stock costs EUR 38.90 at Lang & Schwarz on October 20, 2026 at 8:40 p.m. CEST.

PRGS, US7433121008, Illustration mit AI erstellt.

DA Davidson maintained its USD 55.00 target for Progress Software on October 2, 2026, according to MarketBeat. The target lies 25.80 percent above the Nasdaq price of USD 43.72 on October 20, 2026. At Lang & Schwarz, Progress Software stock was trading at EUR 38.90 on October 20, 2026 at 8:40 p.m. CEST.

Median target reaches USD 54.41

Progress Software's investor-relations metrics page listed a median analyst target of USD 54.41 on October 12, 2026, alongside a 52-week range of USD 23.82 to USD 47.25. The median target was USD 10.69 above the Nasdaq price then shown on the page, a difference of 27.13 percent.

The spread between the USD 55.00 DA Davidson target and the USD 54.41 median is USD 0.59. That narrow gap places the named target close to the wider analyst midpoint, while the range still leaves the stock USD 3.53 below its 52-week high.

Nasdaq range puts valuation in view

Progress Software traded at USD 43.72 on the Nasdaq at 2:44 p.m. ET on October 20, 2026. Its 52-week range was USD 23.82 to USD 47.25, so the quote stood 7.47 percent below the high and 83.54 percent above the low. Volume reached 266,200 shares.

The company had a market capitalization of USD 1.8 billion and a price-to-earnings ratio of 20.19 on October 20, 2026. Progress trades on the Nasdaq under PRGS and is a member of the Russell 2000, according to its September 30, 2026 release from Progress Software.

Fiscal calendar guides the next date

Progress operates on a November fiscal year, with fiscal quarters ending in February, May, August, and November. The company describes itself as an AI infrastructure software provider serving more than 200,000 businesses, with products that connect enterprise data, workflows and applications.

For investors, the valuation question is visible in the gap between the current Nasdaq quote and the analyst targets. The market capitalization and 20.19 price-to-earnings ratio provide the scale, while the USD 47.25 high supplies the nearest technical reference.

Euro quote after the Xetra close

The Lang & Schwarz quote was EUR 38.90 on October 20, 2026 at 8:40 p.m. CEST. The US quote was USD 43.72 on the Nasdaq at 2:44 p.m. ET on the same date, and the two currencies are shown separately.

The further course of trading is shown by the continuously updated real-time quote of Progress Software stock.