DA Davidson keeps USD 55.00 target for Progress Software stock

Published on 10/15/2026 at 20:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue was USD 246.01 million on August 31, 2026, down 1.50 percent. Progress Software stock costs EUR 36.30 on October 15, 2026.

Analyst target and results

DA Davidson maintained its USD 55.00 target for Progress Software on October 2, 2026.
Fiscal third-quarter revenue was USD 246.01 million on August 31, 2026, down 1.50 percent year over year.
Progress Software stock stood at EUR 36.30 at 8:37 p.m. CEST at Lang & Schwarz on October 15, 2026.
The next earnings report is scheduled for January 19, 2027.

PRGS, US7433121008, Illustration mit AI erstellt.

Progress Software (ISIN US7433121008) has a USD 55.00 price target from DA Davidson, which reiterated its Buy rating on October 2, 2026. The target stands 35.40 percent above the Nasdaq price of USD 40.62 at 2:44 p.m. ET on October 15, 2026. At Lang & Schwarz, the stock stood at EUR 36.30 at 8:37 p.m. CEST on October 15, 2026.

Revenue reached USD 246.01 million

Progress reported fiscal third-quarter revenue of USD 246.01 million for the period ended August 31, 2026. MarketBeat said revenue fell 1.50 percent year over year, while adjusted earnings per share reached USD 1.69 against a USD 1.52 consensus estimate. The same report placed the fiscal 2026 adjusted earnings-per-share outlook at USD 6.15 to USD 6.23.

Stock sits below its yearly high

Progress was trading at USD 40.62 on Nasdaq at 2:44 p.m. ET on October 15, 2026, with 247,103 shares changing hands against an average volume of 554,939. Its USD 23.82 to USD 47.25 52-week range places the stock 14.03 percent below its high and 70.53 percent above its low. The market capitalization was USD 1.7 billion at that time.

Valuation and the next report date

The primary-exchange valuation was a trailing P/E ratio of 18.71. Investing.com lists an average analyst target of USD 56.20 and five analysts in its rating table. It also names January 19, 2027 as the next earnings date. Progress operates on a November fiscal year, with fiscal quarters ending in February, May, August, and November, according to Progress Software.

Comparison with peers

PRGS (NASDAQ, USD): P/E 18.71, market capitalization USD 1.7 billion. Dropbox (NASDAQ, USD): P/E 20.22, market capitalization USD 7.9 billion. Oracle (NYSE, USD): P/E 20.99, market capitalization USD 404.9 billion.

Market position in one view

Progress combines a lower P/E ratio than both comparison companies with a target price that remains above its Nasdaq quotation. The next scheduled earnings date on January 19, 2027 gives investors the next formal checkpoint for revenue, margins and the fiscal-year outlook.

The stock stood at EUR 36.30 at Lang & Schwarz on October 15, 2026 at 8:37 p.m. CEST. The continuously updated real-time quote of Progress Software stock.