Brown & Brown (BRO) Stock Forecast, Price Target & Predictions
BRO Stock Forecast
Brown & Brown stock forecast is as follows: an average price target of $93.30 (represents a -14.68% downside from BRO’s last price of $109.35) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
BRO Price Target
The average price target for Brown & Brown (BRO) is $93.30 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $116.00 to $62.00. This represents a potential -14.68% downside from BRO's last price of $109.35.
BRO Analyst Ratings
According to 10 Wall Street analysts, Brown & Brown's rating consensus is 'Buy'. The analyst rating breakdown for BRO stock is 0 'Strong Buy' (0.00%), 5 'Buy' (50.00%), 5 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Brown & Brown Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 29, 2024 | Robert Cox | Goldman Sachs | $115.00 | $103.35 | 11.27% | 5.17% |
| Oct 16, 2024 | Mark Hughes | Truist Financial | $116.00 | $105.86 | 9.58% | 6.08% |
| Sep 04, 2024 | Alex Scott | Barclays | $108.00 | $105.82 | 2.06% | -1.23% |
| Aug 12, 2024 | Elyse Greenspan | Wells Fargo | $112.00 | $99.56 | 12.49% | 2.42% |
| Jul 25, 2024 | Gregory Peters | Raymond James | $110.00 | $98.59 | 11.57% | 0.59% |
| Apr 29, 2024 | Yaron Kinar | Jefferies | $84.00 | $81.54 | 3.02% | -23.18% |
| Mar 26, 2024 | Gregory Peters | Raymond James | $95.00 | $86.35 | 10.02% | -13.12% |
| Mar 14, 2024 | Catherine Seifert | CFRA | $90.00 | $84.99 | 5.89% | -17.70% |
| Dec 15, 2022 | - | Citigroup | $62.00 | $58.17 | 6.58% | -43.30% |
| Nov 22, 2022 | - | Morgan Stanley | $65.00 | $58.15 | 11.78% | -40.56% |
The latest Brown & Brown stock forecast, released on Oct 29, 2024 by Robert Cox from Goldman Sachs, set a price target of $115.00, which represents a 11.27% increase from the stock price at the time of the forecast ($103.35), and a 5.17% increase from BRO last price ($109.35).
Brown & Brown Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 8 |
| Avg Price Target | $115.00 | $113.00 | $103.75 |
| Last Closing Price | $109.35 | $109.35 | $109.35 |
| Upside/Downside | 5.17% | 3.34% | -5.12% |
In the current month, the average price target of Brown & Brown stock is $115.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 5.17% increase as opposed to Brown & Brown's last price of $109.35. This month's average price target is up 1.77% compared to last quarter, and up 10.84% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 29, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Oct 09, 2024 | Jefferies | Hold | Hold | Hold |
| Sep 04, 2024 | Barclays | - | Equal-Weight | Initialise |
| Aug 12, 2024 | Wells Fargo | Equal-Weight | Overweight | Upgrade |
| Jul 25, 2024 | Raymond James | Outperform | Outperform | Hold |
| Jul 24, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jul 24, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| May 30, 2024 | Citigroup | Buy | Buy | Hold |
| May 22, 2024 | Bank of America Securities | Underperform | Neutral | Upgrade |
| May 03, 2024 | Keefe, Bruyette & Woods | Underperform | Underperform | Hold |
Brown & Brown's last stock rating was published by Goldman Sachs on Oct 29, 2024. The company gave BRO a "Buy" rating, the same as its previous rate.
Brown & Brown Financial Forecast
Brown & Brown Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.03B | - | $1.05B | $1.12B | $901.40M | $927.60M | $839.70M | $904.70M | $737.91M | $769.65M | $725.92M | $814.04M | $640.05M | $671.40M | $598.16M | $696.50M | $576.98M | $617.36M |
| Avg Forecast | $1.32B | $1.37B | $1.39B | $1.47B | $1.21B | $1.27B | $1.28B | $1.37B | $1.12B | $1.16B | $1.14B | $1.22B | $985.43M | $1.04B | $997.51M | $1.07B | $898.00M | $945.80M | $803.46M | $893.82M | $725.36M | $761.46M | $683.15M | $753.63M | $623.34M | $641.76M | $574.54M | $678.82M | $563.56M | $609.86M |
| High Forecast | $1.36B | $1.41B | $1.43B | $1.51B | $1.25B | $1.31B | $1.32B | $1.41B | $1.15B | $1.16B | $1.14B | $1.22B | $1.01B | $1.06B | $1.03B | $1.10B | $924.36M | $945.80M | $803.46M | $893.82M | $725.36M | $761.46M | $683.15M | $753.63M | $623.34M | $641.76M | $574.54M | $678.82M | $563.56M | $609.86M |
| Low Forecast | $1.29B | $1.34B | $1.35B | $1.43B | $1.18B | $1.24B | $1.25B | $1.35B | $1.10B | $1.16B | $1.14B | $1.22B | $965.50M | $1.01B | $973.11M | $1.04B | $876.03M | $945.80M | $803.46M | $893.82M | $725.36M | $761.46M | $683.15M | $753.63M | $623.34M | $641.76M | $574.54M | $678.82M | $563.56M | $609.86M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | - | 1.05% | 1.05% | 1.00% | 0.98% | 1.05% | 1.01% | 1.02% | 1.01% | 1.06% | 1.08% | 1.03% | 1.05% | 1.04% | 1.03% | 1.02% | 1.01% |
Brown & Brown's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.22B, with a low forecast of $1.22B, and a high forecast of $1.22B. BRO's average Quarter revenue forecast represents a 18.59% increase compared to the company's last Quarter revenue of $1.03B (Dec 23).
Brown & Brown EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $355.10M | - | $356.50M | $384.20M | $279.50M | $287.70M | $273.70M | $318.90M | $197.29M | $252.67M | $242.66M | $292.50M | $183.33M | $205.47M | $178.06M | $252.96M | $150.69M | $200.24M |
| Avg Forecast | $424.30M | $441.39M | $445.27M | $472.48M | $389.70M | $409.47M | $411.48M | $439.67M | $359.94M | $373.55M | $367.76M | $381.61M | $316.65M | $332.76M | $320.53M | $346.91M | $200.32M | $301.50M | $256.13M | $315.38M | $231.23M | $242.74M | $217.78M | $231.98M | $198.71M | $204.58M | $183.15M | $225.46M | $179.65M | $194.41M |
| High Forecast | $436.75M | $454.35M | $458.34M | $486.35M | $401.14M | $421.49M | $423.55M | $452.60M | $369.67M | $373.59M | $367.76M | $457.93M | $325.96M | $341.77M | $329.94M | $416.30M | $240.39M | $301.50M | $256.13M | $378.45M | $231.23M | $242.74M | $217.78M | $278.38M | $198.71M | $204.58M | $183.15M | $270.55M | $179.65M | $194.41M |
| Low Forecast | $413.92M | $430.59M | $434.38M | $460.92M | $380.17M | $399.45M | $401.41M | $433.20M | $353.46M | $373.50M | $367.76M | $305.28M | $310.25M | $325.54M | $312.69M | $277.53M | $160.26M | $301.50M | $256.13M | $252.30M | $231.23M | $242.74M | $217.78M | $185.58M | $198.71M | $204.58M | $183.15M | $180.37M | $179.65M | $194.41M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | - | 1.11% | 1.11% | 1.40% | 0.95% | 1.07% | 1.01% | 0.85% | 1.04% | 1.11% | 1.26% | 0.92% | 1.00% | 0.97% | 1.12% | 0.84% | 1.03% |
4 analysts predict BRO's average Quarter EBITDA for Mar 24 to be $381.61M, with a high of $457.93M and a low of $305.28M. This is 7.46% upper than Brown & Brown's previous annual EBITDA (Dec 23) of $355.10M.
Brown & Brown Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $268.60M | - | $190.40M | $235.50M | $145.20M | $161.10M | $145.20M | $220.30M | $101.72M | $146.35M | $139.29M | $199.74M | $97.32M | $133.98M | $96.78M | $152.40M | $76.52M | $115.51M |
| Avg Forecast | $270.20M | $310.11M | $320.15M | $375.62M | $239.12M | $281.04M | $288.49M | $349.48M | $218.14M | $249.39M | $248.36M | $259.55M | $149.98M | $175.02M | $168.81M | $235.95M | $103.28M | $170.63M | $137.21M | $214.50M | $110.45M | $148.45M | $112.77M | $158.42M | $82.40M | $120.89M | $79.90M | $135.83M | $75.01M | $108.89M |
| High Forecast | $280.51M | $321.94M | $332.37M | $389.95M | $248.25M | $291.77M | $299.50M | $363.69M | $223.89M | $251.13M | $248.42M | $311.46M | $161.30M | $183.49M | $175.25M | $283.14M | $123.94M | $170.63M | $137.21M | $257.40M | $110.45M | $148.45M | $112.77M | $190.10M | $82.40M | $120.89M | $79.90M | $163.00M | $75.01M | $108.89M |
| Low Forecast | $261.61M | $300.25M | $309.97M | $363.67M | $231.52M | $272.11M | $279.32M | $340.96M | $212.41M | $247.66M | $248.30M | $207.64M | $147.15M | $163.73M | $163.44M | $188.76M | $82.63M | $170.63M | $137.21M | $171.60M | $110.45M | $148.45M | $112.77M | $126.73M | $82.40M | $120.89M | $79.90M | $108.67M | $75.01M | $108.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.79% | - | 1.13% | 1.00% | 1.41% | 0.94% | 1.06% | 1.03% | 0.92% | 0.99% | 1.24% | 1.26% | 1.18% | 1.11% | 1.21% | 1.12% | 1.02% | 1.06% |
Brown & Brown's average Quarter net income forecast for Mar 24 is $259.55M, with a range of $207.64M to $311.46M. BRO's average Quarter net income forecast represents a -3.37% decrease compared to the company's last Quarter net income of $268.60M (Dec 23).
Brown & Brown SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $124.86M | $129.89M | $131.03M | $139.04M | $114.68M | $120.50M | $121.09M | $129.39M | $105.92M | $109.93M | $108.22M | $115.08M | $93.18M | $97.92M | $94.33M | $100.73M | $84.92M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| High Forecast | $128.53M | $133.70M | $134.88M | $143.12M | $118.05M | $124.03M | $124.64M | $133.19M | $108.79M | $109.94M | $108.22M | $115.08M | $95.92M | $100.57M | $97.10M | $103.69M | $87.41M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Low Forecast | $121.81M | $126.71M | $127.83M | $135.64M | $111.88M | $117.55M | $118.13M | $127.48M | $104.02M | $109.91M | $108.22M | $115.08M | $91.30M | $95.80M | $92.02M | $98.27M | $82.84M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Brown & Brown's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to BRO last annual SG&A of $NaN (undefined).
Brown & Brown EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 4 | 4 | 5 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 | 9 | 9 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.96 | - | $0.67 | $0.83 | $0.51 | $0.57 | $0.51 | $0.78 | $0.37 | $0.53 | $0.51 | $0.72 | $0.35 | $0.49 | $0.35 | $0.56 | $0.28 | $0.42 |
| Avg Forecast | $0.95 | $1.10 | $1.13 | $1.33 | $0.84 | $0.99 | $1.02 | $1.23 | $0.77 | $0.88 | $0.88 | $1.07 | $0.53 | $0.62 | $0.60 | $0.82 | $0.46 | $0.60 | $0.48 | $0.76 | $0.39 | $0.52 | $0.40 | $0.57 | $0.29 | $0.43 | $0.28 | $0.46 | $0.27 | $0.38 |
| High Forecast | $0.99 | $1.14 | $1.17 | $1.38 | $0.88 | $1.03 | $1.06 | $1.29 | $0.79 | $0.89 | $0.88 | $1.07 | $0.57 | $0.65 | $0.62 | $0.85 | $0.47 | $0.60 | $0.48 | $0.76 | $0.39 | $0.52 | $0.40 | $0.57 | $0.29 | $0.43 | $0.28 | $0.46 | $0.27 | $0.38 |
| Low Forecast | $0.92 | $1.06 | $1.10 | $1.29 | $0.82 | $0.96 | $0.99 | $1.20 | $0.75 | $0.88 | $0.88 | $1.07 | $0.52 | $0.58 | $0.58 | $0.79 | $0.44 | $0.60 | $0.48 | $0.76 | $0.39 | $0.52 | $0.40 | $0.57 | $0.29 | $0.43 | $0.28 | $0.46 | $0.27 | $0.38 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.81% | - | 1.12% | 1.02% | 1.12% | 0.95% | 1.05% | 1.03% | 0.95% | 1.01% | 1.28% | 1.27% | 1.20% | 1.15% | 1.24% | 1.22% | 1.06% | 1.09% |
According to 4 Wall Street analysts, Brown & Brown's projected average Quarter EPS for Mar 24 is $1.07, with a low estimate of $1.07 and a high estimate of $1.07. This represents a 11.36% increase compared to BRO previous annual EPS of $0.96 (Dec 23).
Brown & Brown Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| WTW | Willis Towers Watson Public Limited Company | $307.59 | $292.50 | -4.91% | Buy |
| BRP | Baldwin Insurance Group | $32.66 | $31.00 | -5.08% | Buy |
| AON | Aon | $379.15 | $348.08 | -8.19% | Hold |
| MMC | Marsh & McLennan Companies | $220.73 | $199.35 | -9.69% | Hold |
| AJG | Arthur J. Gallagher | $292.49 | $257.25 | -12.05% | Buy |
| BRO | Brown & Brown | $109.35 | $93.30 | -14.68% | Buy |