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Progressive (PGR) Stock Forecast & Price Target

Progressive logo
$239.13 -1.88 (-0.78%)
Closing price 03:59 PM Eastern
Extended Trading
$238.35 -0.78 (-0.32%)
As of 07:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

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

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

$274.65
14.85% Upside
According to the 18 analysts' twelve-month price targets for Progressive, the average price target is $274.65. 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 14.85% from the current price of $239.13.
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PGR Analyst Ratings Over Time

TypeCurrent Forecast
1/23/24 to 1/22/25
1 Month Ago
12/24/23 to 12/23/24
3 Months Ago
10/25/23 to 10/24/24
1 Year Ago
1/23/23 to 1/23/24
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)
11 Buy rating(s)
12 Buy rating(s)
9 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 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$274.65$273.81$263.19$164.56
Forecasted Upside14.85% Upside13.61% Upside6.61% Upside-3.38% 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.
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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.
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Progressive Stock vs. The Competition

TypeProgressiveFinance CompaniesS&P 500
Consensus Rating Score
2.67
2.51
2.52
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside14.13% Upside21.05% Upside11.17% Upside
News Sentiment Rating
Positive News

See Recent PGR News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
1/21/2025Morgan Stanley
3 of 5 stars
Bob Huang
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Lower TargetOverweight ➝ Overweight$310.00 ➝ $300.00+23.59%
1/10/2025Keefe, Bruyette & Woods
4 of 5 stars
M. Shields
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Lower TargetOutperform ➝ Outperform$295.00 ➝ $294.00+23.64%
1/6/2025Barclays
3 of 5 stars
A. Scott
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Lower TargetEqual Weight ➝ Equal Weight$277.00 ➝ $261.00+8.20%
1/3/2025JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$251.00 ➝ $256.00+6.38%
12/26/2024Raymond James
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C. Peters
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UpgradeMarket Perform ➝ Outperform$305.00+25.39%
12/16/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$299.00 ➝ $302.00+18.45%
12/16/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$273.00 ➝ $267.00+6.04%
12/10/2024Hsbc Global Res
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V. Gandhi
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DowngradeStrong-Buy ➝ Hold
12/10/2024HSBC
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 DowngradeBuy ➝ Hold$267.00+7.72%
11/18/2024Bank of America
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 Boost TargetBuy ➝ Buy$331.00 ➝ $335.00+30.63%
11/8/2024TD Cowen
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 Boost TargetHold ➝ Hold$197.00 ➝ $237.00-9.48%
11/6/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$277.00 ➝ $285.00+12.02%
10/9/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$257.00 ➝ $295.00+17.08%
9/18/2024The Goldman Sachs Group
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R. Cox
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Boost TargetBuy ➝ Buy$262.00 ➝ $280.00+8.99%
9/16/2024Roth Mkm
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 Boost TargetBuy ➝ Buy$270.00 ➝ $290.00+13.73%
8/15/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$250.00 ➝ $252.00+7.64%
7/17/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$232.00 ➝ $225.00+1.65%
4/17/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$216.00 ➝ $218.00+4.61%
11/16/2023Oppenheimer
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 Initiated CoverageMarket Perform
4/14/2023Credit Suisse Group
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 Reiterated RatingNeutral$143.00+4.09%
2/15/2023Roth Capital
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H. Fong
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Reiterated RatingBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:10 PM 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 Sunday, January 12, 2025. Please send any questions or comments about these Progressive pros and cons to contact@marketbeat.com.

Progressive
Bull Case

green Wall Street bull icon

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

  • The Progressive Co. reported a strong quarterly earnings per share of $3.58, exceeding analysts' expectations of $3.40, indicating robust financial performance and effective management.
  • The company has a solid return on equity of 33.10%, which reflects its ability to generate profits from shareholders' equity, making it an attractive option for investors seeking high returns.
  • With a current stock price around $270.62, The Progressive Co. is near its 52-week high, suggesting strong market confidence and potential for further growth.
  • The recent dividend announcement of $0.10 per share, translating to an annualized dividend of $0.40 and a yield of 0.17%, provides a steady income stream for investors.
  • Institutional investors and hedge funds own 85.34% of the company's stock, indicating strong institutional confidence and support, which can lead to increased stability in stock performance.

Progressive
Bear Case

red Wall Street bear icon

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

  • The company has a low quick ratio of 0.30, which may indicate potential liquidity issues, as it suggests that The Progressive Co. may struggle to meet short-term obligations without selling inventory.
  • Despite recent growth, the stock has been downgraded by some analysts, which could signal potential volatility and uncertainty in future performance.
  • The current debt-to-equity ratio of 0.25, while relatively low, indicates that the company is using some leverage, which can increase risk if market conditions change.
  • Analysts have mixed ratings, with six holding a "hold" rating and thirteen giving a "buy" rating, suggesting that there is some uncertainty in the market regarding the stock's future performance.
  • The company's net margin of 11.27% may be lower than some competitors, which could limit its profitability and growth potential compared to peers in the insurance industry.

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 $274.65, with a high forecast of $335.00 and a low forecast of $218.00.

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last twelve months. There are currently 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PGR shares.

According to analysts, Progressive's stock has a predicted upside of 14.85% based on their 12-month stock forecasts.

Over the previous 90 days, Progressive's stock had 2 downgrades and 1 upgrade by analysts.

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.


This page (NYSE:PGR) was last updated on 1/22/2025 by MarketBeat.com Staff
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