PRGS → $50.83 by Aug 21, 2026.

Price: \~$29.78 (Dropped from 52-week high of $65; complete sentiment disconnect) ​Valuation: 15.2x Trailing P/E — a dirt-cheap \~4.9x Forward P/E against non-GAAP guidance. ​Financials: $138M cash, a massive 41% operating margin, generating $263M - $275M in annual FCF. ​Moat: 100% Net Customer retention Rate. Software is buried deep in corporate infrastructure — ripping it out means millions in costs and operational suicide. ​Catalyst: Hitting a historic $1 Billion annual revenue goal this year. Upselling their captive user base with …