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Brown & Brown (BRO) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

BRO Stock Forecast

Brown & Brown stock forecast is as follows: an average price target of $112.20 (represents a 9.66% upside from BRO’s last price of $102.32) 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 $112.20 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 $108.00. This represents a potential 9.66% upside from BRO's last price of $102.32.

BRO Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 29, 2024Robert CoxGoldman Sachs$115.00$103.3511.27%12.39%
Oct 16, 2024Mark HughesTruist Financial$116.00$105.869.58%13.37%
Sep 04, 2024Alex ScottBarclays$108.00$105.822.06%5.55%
Aug 12, 2024Elyse GreenspanWells Fargo$112.00$99.5612.49%9.46%
Jul 25, 2024Gregory PetersRaymond James$110.00$98.5911.57%7.51%
Apr 29, 2024Yaron KinarJefferies$84.00$81.543.02%-17.90%
Mar 26, 2024Gregory PetersRaymond James$95.00$86.3510.02%-7.15%
Mar 14, 2024Catherine SeifertCFRA$90.00$84.995.89%-12.04%
Dec 15, 2022Citigroup$62.00$58.176.58%-39.41%
Nov 22, 2022Morgan Stanley$65.00$58.1511.78%-36.47%
Aug 19, 2022Morgan Stanley$69.00$67.242.62%-32.56%
Jul 12, 2022Jefferies$70.00$59.8416.99%-31.59%
May 23, 2022Morgan Stanley$64.00$55.0016.36%-37.45%
Apr 27, 2022RBC Capital$71.00$65.688.10%-30.61%

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 12.39% increase from BRO last price ($102.32).

Brown & Brown Price Target by Period

1M3M12M
# Anlaysts-28
Avg Price Target-$115.50$103.75
Last Closing Price$102.32$102.32$102.32
Upside/Downside-100.00%12.88%1.40%

In the current month, the average price target of Brown & Brown stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Brown & Brown's last price of $102.32. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 29, 2024Goldman SachsBuyBuyHold
Oct 09, 2024JefferiesHoldHoldHold
Sep 04, 2024BarclaysEqual-WeightInitialise
Aug 12, 2024Wells FargoEqual-WeightOverweightUpgrade
Jul 25, 2024Raymond JamesOutperformOutperformHold
Jul 24, 2024RBC CapitalOutperformOutperformHold
Jul 24, 2024Wells FargoEqual-WeightEqual-WeightHold
May 30, 2024CitigroupBuyBuyHold
May 22, 2024Bank of America SecuritiesUnderperformNeutralUpgrade
May 03, 2024Keefe, Bruyette & WoodsUnderperformUnderperformHold
Apr 29, 2024JefferiesHoldHoldHold
Apr 15, 2024CitigroupBuyBuyHold
Mar 26, 2024Raymond JamesOutperformOutperformHold
Mar 13, 2024Bank of America SecuritiesUnderperformDowngrade
Jan 08, 2024Goldman SachsBuyUpgrade
Jan 08, 2024RBC CapitalSector PerformOutperformUpgrade
Apr 18, 2023CitigroupNeutralBuyUpgrade
Dec 15, 2022CitigroupNeutralInitialise
Nov 22, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 19, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Jul 12, 2022JefferiesBuyBuyHold
May 23, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Apr 27, 2022RBC CapitalSector PerformSector PerformHold
Apr 26, 2022Zacks Investment ResearchHoldDowngrade

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$1.42B$1.43B$1.52B$1.25B$1.31B$1.32B$1.41B$1.15B$1.16B$1.14B$1.22B$1.01B$1.06B$1.03B$1.10B$925.93M$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$972.27M$1.04B$875.28M$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
# Analysts444433357344596437434744499955
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433357344596437434744499955
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$425.44M$442.58M$446.47M$473.75M$390.75M$410.57M$412.58M$440.85M$360.90M$374.55M$368.75M$381.61M$317.51M$333.65M$321.40M$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$438.67M$456.35M$460.36M$488.49M$402.91M$423.34M$425.42M$453.82M$370.65M$374.60M$368.75M$457.93M$326.83M$342.68M$331.39M$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$414.67M$431.38M$435.17M$461.76M$380.86M$400.18M$402.14M$434.37M$354.39M$374.50M$368.75M$305.28M$311.08M$326.41M$313.26M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433357344596437434744499955
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$270.28M$309.90M$319.92M$375.39M$239.33M$282.15M$289.17M$350.17M$217.94M$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$281.21M$322.43M$332.86M$390.57M$249.01M$293.56M$300.86M$361.46M$223.67M$251.13M$248.42M$311.46M$161.30M$183.49M$175.64M$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$261.40M$299.71M$309.40M$363.04M$231.46M$272.87M$279.66M$338.88M$212.20M$247.66M$248.30M$207.64M$147.15M$163.73M$163.26M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433357344596437434744499955
SG&A------------------------------
Avg Forecast$126.42M$131.51M$132.67M$140.77M$116.11M$122.00M$122.60M$131.00M$107.24M$111.30M$109.57M$116.51M$94.35M$99.14M$95.50M$101.99M$85.97M-------------
High Forecast$130.35M$135.60M$136.79M$145.15M$119.72M$125.79M$126.41M$134.85M$110.14M$111.31M$109.57M$116.51M$97.12M$101.83M$98.47M$105.16M$88.65M-------------
Low Forecast$123.22M$128.18M$129.31M$137.21M$113.17M$118.91M$119.50M$129.07M$105.31M$111.28M$109.57M$116.51M$92.44M$96.99M$93.09M$99.41M$83.80M-------------
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433357344596437434744499955
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$0.96$1.10$1.13$1.33$0.85$1.00$1.02$1.24$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$1.18$1.38$0.88$1.04$1.06$1.28$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$1.09$1.28$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MMCMarsh & McLennan Companies$213.18$234.339.92%Hold
BROBrown & Brown$103.18$112.208.74%Buy
WTWWillis Towers Watson Public Limited Company$310.53$328.005.63%Buy
AJGArthur J. Gallagher$282.91$296.004.63%Buy
AONAon$358.88$362.751.08%Hold
BRPBaldwin Insurance Group$32.66$31.00-5.08%Buy

BRO Forecast FAQ

Is Brown & Brown a good buy?

Yes, according to 10 Wall Street analysts, Brown & Brown (BRO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 50.00% of BRO's total ratings.

What is BRO's price target?

Brown & Brown (BRO) average price target is $112.2 with a range of $108 to $116, implying a 9.66% from its last price of $102.32. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Brown & Brown stock go up soon?

According to Wall Street analysts' prediction for BRO stock, the company can go up by 9.66% (from the last price of $102.32 to the average price target of $112.2), up by 13.37% based on the highest stock price target, and up by 5.55% based on the lowest stock price target.

Can Brown & Brown stock reach $200?

BRO's average twelve months analyst stock price target of $112.2 does not support the claim that Brown & Brown can reach $200 in the near future.

What are Brown & Brown's analysts' financial forecasts?

Brown & Brown's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $5.14B (high $5.29B, low $5.02B), average EBITDA is $1.65B (high $1.71B, low $1.62B), average net income is $1.16B (high $1.2B, low $1.12B), average SG&A $491.7M (high $506.78M, low $480.65M), and average EPS is $4.1 (high $4.26, low $3.97). BRO's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.55B (high $5.72B, low $5.41B), average EBITDA is $1.79B (high $1.84B, low $1.74B), average net income is $1.28B (high $1.33B, low $1.23B), average SG&A $531.37M (high $547.9M, low $517.93M), and average EPS is $4.51 (high $4.69, low $4.36).

Did the BRO's actual financial results beat the analysts' financial forecasts?

Based on Brown & Brown's last annual report (Dec 2023), the company's revenue was $4.26B, beating the average analysts forecast of $4.08B by 4.25%. Apple's EBITDA was $1.15B, missing the average prediction of $1.32B by -13.14%. The company's net income was $870.5M, beating the average estimation of $729.76M by 19.29%. Apple's SG&A was $0, missing the average forecast of $390.98M by -100.00%. Lastly, the company's EPS was $3.11, beating the average prediction of $2.56 by 21.36%. In terms of the last quarterly report (Dec 2023), Brown & Brown's revenue was $1.03B, beating the average analysts' forecast of $985.43M by 4.14%. The company's EBITDA was $355.1M, beating the average prediction of $317.51M by 11.84%. Brown & Brown's net income was $268.6M, beating the average estimation of $149.98M by 79.10%. The company's SG&A was $0, missing the average forecast of $94.35M by -100.00%. Lastly, the company's EPS was $0.96, beating the average prediction of $0.53 by 81.15%