Progressive (PGR) Stock Forecast & Price Target

$242.67 +1.09 (+0.45%)

Closing price 08/5/2025 03:59 PM Eastern

Extended Trading

$245.12 +2.44 (+1.01%)

As of 08/5/2025 07:37 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 17 Analyst Ratings

Sell
0

Hold
8

Buy
9

Based on 17 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 17 analysts, 8 have given a hold rating, and 9 have given a buy rating for PGR.

Consensus Price Target

$286.88
18.21% Upside

According to the 17 analysts' twelve-month price targets for Progressive, the average price target is $286.88. The highest price target for PGR is $336.00, while the lowest price target for PGR is $237.00. The average price target represents a forecasted upside of 18.21% from the current price of $242.67.

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PGR Analyst Ratings Over Time

Type	Current Forecast 8/6/24 to 8/6/25	1 Month Ago 7/7/24 to 7/7/25	3 Months Ago 5/8/24 to 5/8/25	1 Year Ago 8/7/23 to 8/6/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$286.88	$285.94	$287.65	$222.94
Forecasted Upside	18.21% Upside	12.85% Upside	1.28% Upside	4.17% Upside
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	2.53	2.54	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	18.21% Upside	24.23% Upside	13.60% 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
7/21/2025	UBS Group 3 of 5 stars	Brian Meredith Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$280.00 ➝ $268.00	+8.85%
7/18/2025	BMO Capital Markets 4 of 5 stars	Michael Zaremski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$288.00 ➝ $281.00	+13.67%
7/17/2025	Bank of America 4 of 5 stars	Joshua Shanker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$337.00 ➝ $336.00	+36.40%
7/17/2025	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	Meyer Shields Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Market Perform ➝ Market Perform	$290.00 ➝ $268.00	+8.80%
7/17/2025	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	David Motemaden Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ In-Line	$275.00	+11.64%
7/14/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Bob Huang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$290.00 ➝ $280.00	+13.47%
7/7/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Alex Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$297.00 ➝ $287.00	+13.77%
6/20/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Elyse Greenspan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$328.00 ➝ $333.00	+27.92%
4/11/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Yaron Kinar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$327.00 ➝ $319.00	+15.61%
4/8/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jimmy Bhullar Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$267.00 ➝ $287.00	+7.79%
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2/25/2025	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating	Harry Fong Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$290.00 ➝ $315.00	+13.85%
12/26/2024	Raymond James Financial 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%
12/10/2024	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%
11/8/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$197.00 ➝ $237.00	-9.48%
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%
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%
11/16/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 02:25 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 Sunday, August 3, 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 current stock price is around $260, which may present a buying opportunity for investors looking for value.
The company reported a strong earnings per share of $4.88 for the latest quarter, exceeding expectations, indicating robust financial performance.
With a return on equity of 35.37%, The Progressive Co. demonstrates effective management and profitability, which can attract investors seeking high returns.
The revenue for the latest quarter increased by 12.1% compared to the same period last year, showcasing growth potential in its business operations.
The company has a low debt-to-equity ratio of 0.21, suggesting a conservative approach to leverage and financial stability, which can be appealing to risk-averse investors.

Progressive
Bear Case

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

The current quick ratio of 0.29 indicates potential liquidity issues, as it suggests the company may struggle to meet short-term obligations.
Despite a strong earnings report, the revenue fell short of analysts' expectations, which could raise concerns about future growth prospects.
The company has a relatively low current ratio of 0.34, which may signal challenges in covering current liabilities with current assets.
The price-to-earnings ratio of 13.58, while not excessively high, may indicate that the stock is fairly valued, limiting upside potential for investors seeking significant gains.
The dividend yield of 15.0% may seem attractive, but the low dividend payout ratio of 2.25% suggests that the company is retaining most of its earnings for reinvestment, which could be a concern for income-focused investors.

PGR Forecast - Frequently Asked Questions

: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Progressive is $286.88, with a high forecast of $336.00 and a low forecast of $237.00.
: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 8 hold ratings and 9 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 18.21% based on their 12-month stock forecasts.
: Over the previous 90 days, Progressive's stock had 2 downgrades by analysts.
: Progressive has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Evercore ISI, Keefe, Bruyette & Woods, Morgan Stanley, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Progressive less than other "finance" companies. The consensus rating score for Progressive is 2.53 while the average consensus rating score for "finance" companies is 2.54. Learn more on how PGR compares to other companies.

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This page (NYSE:PGR) was last updated on 8/6/2025 by MarketBeat.com Staff

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Progressive (PGR) Stock Forecast & Price Target