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Progressive (PGR) Stock Forecast & Price Target

Progressive logo
$242.22 +1.57 (+0.65%)
As of 01/3/2025 05:39 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

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

$275.94
13.92% Upside
According to the 18 analysts' twelve-month price targets for Progressive, the average price target is $275.94. 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 13.92% from the current price of $242.22.
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PGR Analyst Ratings Over Time

TypeCurrent Forecast
1/6/24 to 1/5/25
1 Month Ago
12/7/23 to 12/6/24
3 Months Ago
10/8/23 to 10/7/24
1 Year Ago
1/6/23 to 1/6/24
Strong Buy
0 Strong Buy rating(s)
1 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)
9 Buy rating(s)
Hold
6 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$275.94$269.81$257.18$163.63
Forecasted Upside13.92% Upside5.99% Upside4.73% Upside0.56% 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.
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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
2.50
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside13.92% Upside45.23% Upside14.54% Upside
News Sentiment Rating
Positive News

See Recent PGR News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
1/3/2025JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$251.00 ➝ $256.00+6.38%
12/26/2024Raymond James
4 of 5 stars
C. Peters
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UpgradeMarket Perform ➝ Outperform$305.00+25.39%
12/16/2024Wells Fargo & Company
3 of 5 stars
 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%
12/13/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$310.00 ➝ $310.00+22.82%
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%
10/23/2024Barclays
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A. Scott
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Boost TargetEqual Weight ➝ Equal Weight$267.00 ➝ $277.00+11.58%
10/16/2024Keefe, Bruyette & Woods
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M. Shields
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Boost TargetOutperform ➝ Outperform$280.00 ➝ $290.00+15.26%
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 Sunday at 04:43 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 Friday, January 3, 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. recently reported earnings per share of $3.58, exceeding analysts' expectations of $3.40, indicating strong financial performance and effective management.
  • The company has a solid return on equity of 33.10%, which suggests that it is efficient in generating profits from its equity investments.
  • With a current stock price around $270.62, it is near its 52-week high, reflecting strong market confidence and potential for continued growth.
  • The Progressive Co. has received multiple upgrades from analysts, with target prices reaching as high as $335.00, indicating positive sentiment and potential for stock appreciation.
  • The company maintains a low debt-to-equity ratio of 0.25, suggesting a conservative approach to leverage, which can reduce financial risk and enhance stability.

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.
  • Insider selling has been observed, with 22,981 shares sold recently, which could signal a lack of confidence from those closest to the company.
  • The current dividend yield is only 0.17%, which may not be attractive for income-focused investors looking for higher returns from dividends.
  • Despite strong earnings, the company's net margin of 11.27% may be considered low compared to industry peers, indicating potential challenges in cost management.
  • Analysts have mixed ratings, with six holding a "hold" rating, suggesting that not all market experts are confident in the stock's future performance.

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 $275.94, 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 year. 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 13.92% 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 for Progressive is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how PGR compares to other companies.


This page (NYSE:PGR) was last updated on 1/5/2025 by MarketBeat.com Staff
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