Brown & Brown (BRO) Stock Forecast & Price Target

$102.93 +0.63 (+0.62%)

(As of 12/20/2024 05:31 PM ET)

Brown & Brown - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
1

Hold
4

Buy
8

Based on 13 Wall Street analysts who have issued ratings for Brown & Brown in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 1 has given a sell rating, 4 have given a hold rating, and 8 have given a buy rating for BRO.

Consensus Price Target

$109.46
6.35% Upside

According to the 13 analysts' twelve-month price targets for Brown & Brown, the average price target is $109.46. The highest price target for BRO is $134.00, while the lowest price target for BRO is $83.00. The average price target represents a forecasted upside of 6.35% from the current price of $102.93.

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BRO Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$109.46	$107.42	$100.00	$77.22
Forecasted Upside	6.35% Upside	-3.18% Downside	-1.00% Downside	9.58% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy

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BRO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BRO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Brown & Brown Stock vs. The Competition

Type	Brown & Brown	Finance Companies	S&P 500
Consensus Rating Score	2.54	2.50	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	6.35% Upside	18.66% Upside	14.54% Upside
News Sentiment Rating	Positive News See Recent BRO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/5/2024	Morgan Stanley 3 of 5 stars		Initiated Coverage	Overweight	$134.00	+20.56%
11/21/2024	Barclays 3 of 5 stars	A. Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$108.00 ➝ $119.00	+8.57%
10/30/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$113.00 ➝ $118.00	+12.18%
10/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$116.00 ➝ $118.00	+12.18%
10/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$108.00 ➝ $117.00	+13.68%
10/10/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Greenspan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$112.00 ➝ $114.00	+9.37%
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10/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$98.00 ➝ $104.00	-1.78%
9/24/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Heal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$120.00	+17.41%
7/26/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$86.00 ➝ $92.00	-5.57%
7/25/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$95.00 ➝ $110.00	+11.51%
7/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$91.00 ➝ $94.00	+4.03%
5/31/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$94.00 ➝ $100.00	+12.06%
1/8/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$84.00 ➝ $83.00	+19.25%
1/19/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$67.00	+11.18%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:22 PM ET.

Should I Buy Brown & Brown Stock? BRO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these Brown & Brown pros and cons to contact@marketbeat.com.

Brown & Brown
Bull Case

Here are some ways that investors could benefit from investing in Brown & Brown, Inc.:

Brown & Brown, Inc. recently reported earnings per share (EPS) of $0.91, exceeding the consensus estimate of $0.88, indicating strong financial performance and effective management.
The company has shown significant revenue growth, with a reported $1.19 billion for the latest quarter, up 11.0% compared to the same quarter last year, suggesting robust demand for its services.
Brown & Brown, Inc. has increased its quarterly dividend from $0.13 to $0.15, reflecting a commitment to returning value to shareholders, with a current annualized dividend yield of 0.54%.
The stock is currently trading at $111.07, which is near its 52-week high of $114.15, indicating strong market confidence and potential for further appreciation.
Analysts have a positive outlook, with several firms raising their price targets, including Bank of America increasing its target to $117.00, which suggests potential upside for investors.

Brown & Brown
Bear Case

Investors should be bearish about investing in Brown & Brown, Inc. for these reasons:

The stock has a relatively high price-to-earnings (P/E) ratio of 30.35, which may indicate that it is overvalued compared to its earnings, potentially leading to a price correction.
Despite the positive earnings report, the company has a dividend payout ratio (DPR) of 16.35%, which, while sustainable, may limit future dividend increases if earnings growth slows.
Market volatility could impact the stock price, as evidenced by a recent trading down of 0.3%, which may deter risk-averse investors.
One analyst has rated the stock as a sell, indicating that there are concerns about its future performance that could affect investor sentiment.
The average rating for the stock is "Hold," suggesting that while it may not be a bad investment, there are better opportunities available in the market.

BRO Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Brown & Brown is $109.46, with a high forecast of $134.00 and a low forecast of $83.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brown & Brown in the last twelve months. There is currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BRO shares.
: According to analysts, Brown & Brown's stock has a predicted upside of 6.35% based on their 12-month stock forecasts.
: Brown & Brown has been rated by research analysts at Argus, Bank of America, Barclays, Jefferies Financial Group, Morgan Stanley, Royal Bank of Canada, Truist Financial, and Wells Fargo & Company in the past 90 days.
: Analysts like Brown & Brown more than other "finance" companies. The consensus rating for Brown & Brown is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how BRO compares to other companies.

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This page (NYSE:BRO) was last updated on 12/21/2024 by MarketBeat.com Staff

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Brown & Brown (BRO) Stock Forecast & Price Target