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New: Instantly spot drawdowns, dips, insider moves, and breakout themes across Maps and Screener.
Progress Software Corporation (NASDAQ:PRGS) is one of the Best Small Cap Stocks Ready to Explode in 2026. Wall Street is bullish on the stock since the company released its fiscal Q4 2025 earnings on January 20. Recently, on January 22, Fatima Boolani from Citi raised the firm’s price target on the stock from $54 to $60, with a Buy rating. Earlier, on January 21, Lucky Schreiner from D.A. Davidson also reiterated a Buy rating on Progress Software Corporation (NASDAQ:PRGS) with a $70 price target.
During the quarter, the company grew its revenue by 17.54% year-over-year to $252.67 million, but fell short of the expectations by $194,700. On the bright side, the EPS of $1.51 exceeded the consensus by $0.20. Management noted 2025 to be one of the strongest years for the company, driven by a strong execution of its strategy to invest, innovate, acquire, and integrate. Notably, the company reached an ARR of $852 million, reflecting a 2% increase year-over-year.
Analysts at D.A. Davidson noted that the company has achieved a healthy annual recurring revenue and SaaS revenue. The firm believes that the company is set to benefit from customers seeking to adopt new AI capabilities.
Progress Software Corporation (NASDAQ:PRGS) provides products and solutions that develop and deploy mission-critical business applications, including Chef, Corticon, DataDirect, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, and more.
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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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