Progress Software (PRGS) Remains Resilient Against AI-Linked Threats

SelfRugger · 2026-02-23T04:29:35+00:00

Progress Software (PRGS) shows resilience amid AI concerns, with analysts maintaining a positive outlook despite mixed price target revisions. Its critical software products remain favored by customers, indicating robust growth potential despite the competitive landscape.

SelfRugger

2026-02-23 04:29:35

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Progress Software (PRGS) Remains Resilient Against AI-Linked Threats

Muhammad Ali Khalid

Sun, February 22, 2026 at 11:38 PM GMT+9 2 min read

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PRGS

+10.74%

Progress Software (NASDAQ:PRGS) is one of the 9 small-cap software infrastructure stocks with highest upside potential.

On January 22, the price target on Progress Software (NASDAQ:PRGS) was increased from $54 to $60 by Citi analyst Fatima Boolani. She maintained her Buy rating on the stock with more than 71% upside potential.

Boolani’s revision came on the heels of the company’s fourth-quarter announcement, which reported impressive earnings and cash flows. She sees strong momentum for the company during the coming year.

On January 15, the price target on Progress Software (NASDAQ:PRGS) was reduced from $75 to $70 by DA Davidson analyst Lucky Schreiner, who maintained his Buy rating on the stock. Following this downward revision, the forecast still carries an impressive upside of almost 100%.

Schreiner conducted a sales check on Progress Software (NASDAQ:PRGS) to assess the impact of ongoing fears related to AI’s potential disruption. The check indicates that customers still regard the company’s products as mission-critical, with limited interest in alternatives. Despite trading at historically low valuation multiples at present, the analyst views potential M&A opportunities as positive catalysts for the stock.

Progress Software (NASDAQ:PRGS) is a software company that offers products for developing and managing AI-enabled applications, digital experiences, and management tools. Its product portfolio comprises OpenEdge, Chef, Agentic RAG, MOVEit, Automate MFT, and Sitefinity. It delivers solutions for project management, software development, programming, training, and other services.

While we acknowledge the potential of PRGS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 Most Promising Mid-Cap Healthcare Stocks Under $50 and 11 Most Promising Small-Cap Industrial Stocks Under $50.

Disclosure: None. This article is originally published at Insider Monkey.

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