Progressive (PGR) Stock Forecast & Price Target

$265.99 -1.68 (-0.63%)

Closing price 02/21/2025 03:59 PM Eastern

Extended Trading

$264.62 -1.37 (-0.51%)

As of 02/21/2025 07:25 PM Eastern

Progressive - 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 18 Analyst Ratings

Sell
0

Hold
6

Buy
12

Based on 18 Wall Street analysts who have issued ratings for Progressive in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 6 have given a hold rating, and 12 have given a buy rating for PGR.

Consensus Price Target

$276.12
3.81% Upside

According to the 18 analysts' twelve-month price targets for Progressive, the average price target is $276.12. The highest price target for PGR is $335.00, while the lowest price target for PGR is $218.00. The average price target represents a forecasted upside of 3.81% from the current price of $265.99.

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PGR Analyst Ratings Over Time

Type	Current Forecast 2/23/24 to 2/22/25	1 Month Ago 1/24/24 to 1/23/25	3 Months Ago 11/25/23 to 11/24/24	1 Year Ago 2/23/23 to 2/23/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	8 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	10 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$276.12	$274.65	$269.81	$169.22
Forecasted Upside	3.81% Upside	14.64% Upside	1.41% Upside	-11.54% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

PGR 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.

PGR 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.

Progressive Stock vs. The Competition

Type	Progressive	Finance Companies	S&P 500
Consensus Rating Score	2.67	2.51	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	3.81% Upside	26.61% Upside	14.37% Upside
News Sentiment Rating	Positive News See Recent PGR 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
2/20/2025	Wells Fargo & Company 3 of 5 stars	Elyse Greenspan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$313.00 ➝ $317.00	+17.53%
2/18/2025	Barclays 3 of 5 stars	A. Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$261.00 ➝ $264.00	+0.49%
1/31/2025	Morgan Stanley 3 of 5 stars	Bob Huang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$300.00 ➝ $307.00	+23.41%
1/10/2025	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Shields Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$295.00 ➝ $294.00	+23.64%
1/3/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$251.00 ➝ $256.00	+6.38%
12/26/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Peters Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$305.00	+25.39%
12/16/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$273.00 ➝ $267.00	+6.04%
12/10/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	V. Gandhi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
12/10/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$267.00	+7.72%
11/18/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$331.00 ➝ $335.00	+30.63%
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11/8/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$197.00 ➝ $237.00	-9.48%
11/6/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$277.00 ➝ $285.00	+12.02%
10/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$257.00 ➝ $295.00	+17.08%
9/18/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Cox Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$262.00 ➝ $280.00	+8.99%
9/16/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$270.00 ➝ $290.00	+13.73%
8/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$250.00 ➝ $252.00	+7.64%
7/17/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$232.00 ➝ $225.00	+1.65%
4/17/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$216.00 ➝ $218.00	+4.61%
11/16/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
4/14/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$143.00	+4.09%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:25 AM ET.

Should I Buy Progressive Stock? PGR 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 Monday, February 17, 2025. Please send any questions or comments about these Progressive pros and cons to contact@marketbeat.com.

Progressive
Bull Case

Here are some ways that investors could benefit from investing in The Progressive Co.:

The Progressive Co. recently reported earnings of $4.08 per share, significantly exceeding the consensus estimate of $3.44, indicating strong financial performance and effective management.
The stock price is currently at $262.71, reflecting a robust market position and investor confidence in the company's growth potential.
85.34% of the stock is owned by institutional investors, suggesting strong institutional confidence and support for The Progressive Co.'s business model and future prospects.
The company has a low debt-to-equity ratio of 0.27, indicating a conservative approach to leverage and financial stability, which can be attractive to risk-averse investors.
The Progressive Co. has demonstrated a strong return on equity of 33.79%, showcasing its ability to generate profits from shareholders' equity, which is a positive indicator for potential investors.

Progressive
Bear Case

Investors should be bearish about investing in The Progressive Co. for these reasons:

Insider selling has been notable, with CFO John P. Sauerland selling 10,000 shares recently, which may raise concerns about insider confidence in the company's future performance.
The stock has a relatively high price-to-earnings (P/E) ratio of 18.24, which could indicate that it is overvalued compared to its earnings, potentially leading to a price correction.
The company has a quick ratio of 0.30, suggesting that it may struggle to meet short-term liabilities without selling inventory, which could be a red flag for liquidity concerns.
Despite strong earnings, the stock has fluctuated between a 52-week low of $186.94 and a high of $270.62, indicating volatility that could deter risk-averse investors.
Recent market conditions and economic uncertainties could impact the insurance sector, potentially affecting The Progressive Co.'s growth and profitability in the near term.

PGR Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Progressive is $276.12, with a high forecast of $335.00 and a low forecast of $218.00.
: 18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PGR shares.
: According to analysts, Progressive's stock has a predicted upside of 3.81% based on their 12-month stock forecasts.
: Over the previous 90 days, Progressive's stock had 2 downgrades and 1 upgrade by analysts.
: Progressive has been rated by research analysts at Barclays, BMO Capital Markets, Hsbc Global Res, HSBC, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, Raymond James, and Wells Fargo & Company in the past 90 days.
: Analysts like Progressive more than other "finance" companies. The consensus rating score for Progressive is 2.67 while the average consensus rating score for "finance" companies is 2.51. Learn more on how PGR compares to other companies.

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This page (NYSE:PGR) was last updated on 2/22/2025 by MarketBeat.com Staff

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Progressive (PGR) Stock Forecast & Price Target