Progress Software Corporation (NASDAQ:PRGS) will release earnings for its second quarter after the closing bell on Tuesday, June 30.

Analysts expect the Burlington, Massachusetts-based company to report quarterly earnings of $1.49 per share, up from $1.40 per share in the year-ago period. The consensus estimate for Progress Software’s quarterly revenue is $242.74 million. It reported $237.35 million last year, according to Benzinga Pro.

On March 30, Progress Software reported better-than-expected earnings for the first quarter.

Shares of Progress Software rose 4.3% to close at $28.84 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Citigroup analyst Fatima Boolani maintained a Buy rating and cut the price target from $60 to $46 on April 1, 2026. This analyst has an accuracy rate of 72%.
  • Jefferies analyst Brent Thill maintained a Hold rating and lowered the price target from $45 to $34 on March 31, 2026. This analyst has an accuracy rate of 71%.
  • Wedbush analyst Dan Ives maintained an Outperform rating and slashed the price target from $65 to $45 on March 31, 2026. This analyst has an accuracy rate of 55%.
  • Oppenheimer analyst Ittai Kidron maintained an Outperform rating and cut the price target from $70 to $57 on March 31, 2026. This analyst has an accuracy rate of 70%.

Considering buying PRGS stock? Here’s what analysts think:

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