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For Progress Software Corporation, we replayed every analyst price target of the past 12 months and measured the real outcome: 23% were profitable, average return -9% (44 calls). At 3 months: -1% average return (27% profitable). The higher the %, the more often analysts were right on this stock.
Their past track record on this stock (targets replayed against real prices) β not a forecast of what will happen.
| Analyst / broker | Calls i | % profitable i | Avg return i |
|---|---|---|---|
| Wedbush | 11 | 27% | -5% |
| Guggenheim | 9 | 22% | -13% |
| Oppenheimer | 9 | 33% | -2% |
| DA Davidson | 7 | 14% | -22% |
The analyst consensus on Progress Software Corporation (PRGS) is "Buy" (17 bullish, 0 bearish calls over 12 months). This is not advice: historically, 23% of their targets on this stock turned out profitable over 1 year.
The median 12-month price target is $48.00 (+6% vs $45.22), ranging from $34.00 to $83.00 (6 analysts).
Over 1 year, 23% of analyst targets on Progress Software Corporation were profitable, for an average return of -9% (across 44 timestamped calls). This is JPI Invest's accuracy metric.
Analysts target a median of $48.00 within 12 months, i.e. +6% vs the current price. The most bullish targets $83.00, the most cautious $34.00.
Note: analyst targets are 12-month (median $48.00, +6%), NOT 2030. No reliable 5-10 year price forecast exists (Β« 2030 prediction Β» models are speculative). The most useful inputs: the 12-month median above, these analysts' historical accuracy (23%), and the stock's past trajectory.
Detailed valuation data for Progress Software Corporation is available in the interactive analysis.
π See the full interactive analysis of Progress Software Corporation β
JPI Invest aggregates analyst recommendations across the entire S&P 500 (plus the S&P MidCap 400), replays them against real prices and measures who predicts best β on results, not reputation. Instead of taking a price target at face value, you see each analyst's track record on each stock.
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β οΈ Educational information, not investment advice. Analyst price targets are 12-month and can be wrong. Data via Yahoo Finance, recomputed by JPI Invest.