Progress Software stock steadies as FY 2026 guidance underpins valuation

Published on 09/20/2026 at 18:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Progress Software stock traded around the mid-40-dollar range on Nasdaq as of September 19, 2026, supported by FY 2026 EPS guidance between 6.09 and 6.21 dollars. Analysts see the shares as a Moderate Buy with an average target price of 52.17 dollars, leaving upside versus current levels.

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Progress Software stock (ISIN US7433121008) has been trading in the mid-40-dollar range on the Nasdaq, with recent data as of September 19, 2026 pointing to a market capitalization around USD 1.64 billion and a valuation near 19.5 times earnings.

Guidance for FY 2026 and Q3 2026

According to MarketBeat on September 20, 2026, Progress Software has issued FY 2026 guidance for earnings per share between USD 6.09 and USD 6.21.

For Q3 2026 the company is guiding to EPS in a range of USD 1.53 to USD 1.59, providing investors with a shorter-term profitability benchmark that can be compared directly with consensus expectations once the quarter is reported.

Analyst consensus and valuation metrics

Progress Software stock benefits from a supportive analyst backdrop: equities research analysts project that the company will post USD 4.77 in earnings per share for the current fiscal year, while the consensus rating stands at Moderate Buy with an average target price of USD 52.17 per share.MarketBeat

Based on a recent share price quoted around USD 40.11, this implies that the stock is trading roughly 23.1 percent below the consensus target of USD 52.17, suggesting potential upside if the company delivers on its guidance and analysts maintain their estimates.MarketBeat

Share price level and 52-week range

Shares of Progress Software stock recently opened at USD 40.11, with the company valued at about USD 1.64 billion on that basis and trading at a price-to-earnings ratio of 19.47 and a price-to-earnings-growth ratio of 1.68.MarketBeat

Within the last 12 months the stock has traded between a low of USD 23.82 and a high of USD 47.37, so the current level in the low-40-dollar area leaves the shares about 68.5 percent above the 12-month low and around 15.3 percent below the 12-month high, positioning the stock in the upper half of its range.MarketBeat

Institutional interest and risk profile

The same MarketBeat overview notes that Corient Private Wealth LP recently increased its stake in Progress Software, buying 38,815 shares in a transaction reported on September 20, 2026, which underscores continuing institutional interest in the stock at current valuation levels.MarketBeat

Progress Software stock carries a beta of 0.82, indicating lower volatility than the broader market over the measured period, which may appeal to investors looking for exposure to enterprise software growth with a relatively subdued risk profile compared with more volatile technology names.MarketBeat

Closing share price and investor takeaway

As of the most recent completed trading day, September 19, 2026, Progress Software stock was quoted in the mid-40-dollar zone on the Nasdaq, leaving the shares trading on a mid-teens discount to their 12-month high while still comfortably above the 12-month low.