PDM Sever Upgrade Multiple Major Versions and data migration

PDM Server was stuck on 2023 version due to dependency and budget. After updating server hardware and OS I can now install up to SolidWorks PDM 2026. 

I am looking for best practices on updating to the most current version. 

Old server - Back up PDM 2023

New Server Options:

  1. Install PDM 2023 >> restore backup >> Upgrade to 2024 >> Upgrade 2025 >> Upgrade 2026
  2. Install PDM 2023 >> restore backup >> Upgrade 2026
  3. Install PDM 2026 >> restore backup (from 2023 version)