Citi Lowers its PT on Progress Software (PRGS) to $46 and Maintains Buy Rating

On April 1, 2026, Citi expert Fatima Boolani lowered the terms people connected Progress Software Corporation (NASDAQ:PRGS) to $46 from $60 antecedently and maintained a Buy standing connected the shares.

On March 31, 2026, Oppenheimer expert Ittai Kidron lowered the terms people connected Progress Software Corporation (NASDAQ:PRGS) to $57 from $70 antecedently to bespeak manufacture aggregate compression portion keeping an Outperform rating. Ittai Kidron noted the institution delivered a coagulated Q1, with gross and net up of expectations, supported by disbursal subject and operating borderline upside.

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 compared to the $246.4M consensus. The institution expects FY26 non-GAAP EPS of $5.91-$6.03 versus the $5.88 statement and sees gross of $988M-$1B compared to the $993.34M consensus.

Progress Software Corporation (NASDAQ:PRGS) develops and manages AI-powered applications and integer experiences.

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