Brown & Brown (BRO) Stock Forecast, Price Target & Predictions
BRO Stock Forecast
Brown & Brown stock forecast is as follows: an average price target of $112.75 (represents a 9.29% upside from BRO’s last price of $103.17) 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 $112.75 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 9.29% upside from BRO's last price of $103.17.
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% | 11.47% |
| Oct 16, 2024 | Mark Hughes | Truist Financial | $116.00 | $105.86 | 9.58% | 12.44% |
| Sep 04, 2024 | Alex Scott | Barclays | $108.00 | $105.82 | 2.06% | 4.68% |
| Aug 12, 2024 | Elyse Greenspan | Wells Fargo | $112.00 | $99.56 | 12.49% | 8.56% |
| Jul 25, 2024 | Gregory Peters | Raymond James | $110.00 | $98.59 | 11.57% | 6.62% |
| Apr 29, 2024 | Yaron Kinar | Jefferies | $84.00 | $81.54 | 3.02% | -18.58% |
| Mar 26, 2024 | Gregory Peters | Raymond James | $95.00 | $86.35 | 10.02% | -7.92% |
| Mar 14, 2024 | Catherine Seifert | CFRA | $90.00 | $84.99 | 5.89% | -12.77% |
| Dec 15, 2022 | Citigroup | $62.00 | $58.17 | 6.58% | -39.91% | |
| Nov 22, 2022 | Morgan Stanley | $65.00 | $58.15 | 11.78% | -37.00% | |
| Aug 19, 2022 | Morgan Stanley | $69.00 | $67.24 | 2.62% | -33.12% | |
| Jul 12, 2022 | Jefferies | $70.00 | $59.84 | 16.99% | -32.15% | |
| May 23, 2022 | Morgan Stanley | $64.00 | $55.00 | 16.36% | -37.97% | |
| Apr 27, 2022 | RBC Capital | $71.00 | $65.68 | 8.10% | -31.18% |
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 11.47% increase from BRO last price ($103.17).
Brown & Brown Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 8 |
| Avg Price Target | - | - | $103.75 |
| Last Closing Price | $103.17 | $103.17 | $103.17 |
| Upside/Downside | -100.00% | -100.00% | 0.56% |
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 $103.17. This month's average price target is down NaN% compared to last quarter, and down -100.00% 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 |
| Apr 29, 2024 | Jefferies | Hold | Hold | Hold |
| Apr 15, 2024 | Citigroup | Buy | Buy | Hold |
| Mar 26, 2024 | Raymond James | Outperform | Outperform | Hold |
| Mar 13, 2024 | Bank of America Securities | Underperform | Downgrade | |
| Jan 08, 2024 | Goldman Sachs | Buy | Upgrade | |
| Jan 08, 2024 | RBC Capital | Sector Perform | Outperform | Upgrade |
| Apr 18, 2023 | Citigroup | Neutral | Buy | Upgrade |
| Dec 15, 2022 | Citigroup | Neutral | Initialise | |
| Nov 22, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Aug 19, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jul 12, 2022 | Jefferies | Buy | Buy | Hold |
| May 23, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Apr 27, 2022 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Apr 26, 2022 | Zacks Investment Research | Hold | Downgrade |
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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Avg Forecast | $1.45B | $1.48B | $1.50B | $1.65B | $1.34B | $1.38B | $1.38B | $1.50B | $1.24B | $1.27B | $1.28B | $1.39B | $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 |
| High Forecast | $1.51B | $1.54B | $1.55B | $1.71B | $1.39B | $1.43B | $1.43B | $1.55B | $1.28B | $1.32B | $1.33B | $1.45B | $1.16B | $1.16B | $1.14B | $1.22B | $1.01B | $1.06B | $1.03B | $1.10B | $930.17M | $945.80M | $803.46M | $893.82M | $725.36M | $761.46M | $683.15M | $753.63M | $623.34M | $641.76M |
| Low Forecast | $1.41B | $1.43B | $1.45B | $1.60B | $1.30B | $1.33B | $1.33B | $1.45B | $1.20B | $1.23B | $1.24B | $1.36B | $1.10B | $1.16B | $1.14B | $1.22B | $965.50M | $1.01B | $964.36M | $1.03B | $872.68M | $945.80M | $803.46M | $893.82M | $725.36M | $761.46M | $683.15M | $753.63M | $623.34M | $641.76M |
| # Analysts | 3 | 3 | 3 | 3 | 5 | 4 | 4 | 5 | 2 | 2 | 2 | 6 | 7 | 3 | 2 | 2 | 5 | 9 | 7 | 5 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 |
| 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% |
Brown & Brown's average Quarter revenue forecast for Mar 24 based on 2 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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 5 | 4 | 4 | 5 | 2 | 2 | 2 | 6 | 7 | 3 | 2 | 2 | 5 | 9 | 7 | 5 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 |
| 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 |
| Avg Forecast | $473.68M | $482.60M | $487.87M | $538.05M | $437.13M | $448.32M | $449.78M | $487.76M | $402.68M | $414.40M | $416.48M | $453.38M | $365.22M | $378.69M | $372.83M | $381.61M | $321.02M | $337.34M | $324.95M | $346.91M | $200.32M | $301.50M | $256.13M | $315.38M | $231.23M | $242.74M | $217.78M | $231.98M | $198.71M | $204.58M |
| High Forecast | $491.08M | $500.32M | $505.79M | $557.80M | $453.18M | $464.78M | $466.29M | $505.67M | $417.46M | $429.61M | $431.77M | $473.24M | $378.38M | $378.74M | $372.83M | $457.93M | $330.45M | $346.47M | $336.88M | $416.30M | $240.39M | $301.50M | $256.13M | $378.45M | $231.23M | $242.74M | $217.78M | $278.38M | $198.71M | $204.58M |
| Low Forecast | $457.95M | $466.57M | $471.66M | $520.17M | $422.61M | $433.42M | $434.83M | $471.56M | $389.30M | $400.63M | $402.64M | $443.46M | $358.64M | $378.64M | $372.83M | $305.28M | $314.52M | $330.02M | $314.15M | $277.53M | $160.26M | $301.50M | $256.13M | $252.30M | $231.23M | $242.74M | $217.78M | $185.58M | $198.71M | $204.58M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | - | 1.10% | 1.11% | 1.40% | 0.95% | 1.07% | 1.01% | 0.85% | 1.04% | 1.11% | 1.26% | 0.92% | 1.00% |
2 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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 5 | 4 | 4 | 5 | 2 | 2 | 2 | 6 | 7 | 3 | 2 | 2 | 5 | 9 | 7 | 5 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 |
| 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 |
| Avg Forecast | $318.93M | $343.57M | $358.16M | $457.86M | $275.55M | $308.68M | $316.55M | $391.24M | $250.38M | $281.53M | $289.53M | $359.35M | $217.82M | $250.28M | $249.24M | $259.55M | $150.51M | $175.64M | $169.41M | $235.95M | $103.28M | $170.63M | $137.21M | $214.50M | $110.45M | $148.45M | $112.77M | $158.42M | $82.40M | $120.89M |
| High Forecast | $334.15M | $359.97M | $375.26M | $479.72M | $288.70M | $323.41M | $331.66M | $409.91M | $262.33M | $294.97M | $303.35M | $376.73M | $229.44M | $252.02M | $249.30M | $311.46M | $161.87M | $184.13M | $177.49M | $283.14M | $123.94M | $170.63M | $137.21M | $257.40M | $110.45M | $148.45M | $112.77M | $190.10M | $82.40M | $120.89M |
| Low Forecast | $305.16M | $328.73M | $342.69M | $438.09M | $263.64M | $295.34M | $302.88M | $374.34M | $239.57M | $269.37M | $277.02M | $347.76M | $212.01M | $248.53M | $249.18M | $207.64M | $147.67M | $164.31M | $162.09M | $188.76M | $82.63M | $170.63M | $137.21M | $171.60M | $110.45M | $148.45M | $112.77M | $126.73M | $82.40M | $120.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.78% | - | 1.12% | 1.00% | 1.41% | 0.94% | 1.06% | 1.03% | 0.92% | 0.99% | 1.24% | 1.26% | 1.18% | 1.11% |
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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 5 | 4 | 4 | 5 | 2 | 2 | 2 | 6 | 7 | 3 | 2 | 2 | 5 | 9 | 7 | 5 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $139.21M | $141.84M | $143.38M | $158.13M | $128.47M | $131.76M | $132.19M | $143.35M | $118.35M | $121.79M | $122.40M | $133.25M | $107.34M | $111.30M | $109.57M | $116.51M | $94.35M | $99.14M | $95.50M | $101.99M | $85.97M | - | - | - | - | - | - | - | - | - |
| High Forecast | $144.33M | $147.04M | $148.65M | $163.94M | $133.19M | $136.60M | $137.04M | $148.62M | $122.69M | $126.26M | $126.90M | $139.08M | $111.21M | $111.31M | $109.57M | $116.51M | $97.12M | $101.83M | $99.01M | $105.73M | $89.06M | - | - | - | - | - | - | - | - | - |
| Low Forecast | $134.59M | $137.12M | $138.62M | $152.88M | $124.20M | $127.38M | $127.80M | $138.59M | $114.41M | $117.74M | $118.34M | $130.33M | $105.40M | $111.28M | $109.57M | $116.51M | $92.44M | $96.99M | $92.33M | $98.60M | $83.55M | - | - | - | - | - | - | - | - | - |
| 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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 5 | 4 | 4 | 5 | 2 | 2 | 2 | 6 | 7 | 3 | 2 | 2 | 5 | 9 | 7 | 5 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 9 |
| 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 |
| Avg Forecast | $1.12 | $1.21 | $1.26 | $1.61 | $0.97 | $1.09 | $1.11 | $1.38 | $0.88 | $0.99 | $1.02 | $1.27 | $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 |
| High Forecast | $1.18 | $1.27 | $1.32 | $1.69 | $1.02 | $1.14 | $1.17 | $1.44 | $0.92 | $1.04 | $1.07 | $1.33 | $0.81 | $0.89 | $0.88 | $1.07 | $0.57 | $0.65 | $0.62 | $0.86 | $0.48 | $0.60 | $0.48 | $0.76 | $0.39 | $0.52 | $0.40 | $0.57 | $0.29 | $0.43 |
| Low Forecast | $1.07 | $1.16 | $1.21 | $1.54 | $0.93 | $1.04 | $1.07 | $1.32 | $0.84 | $0.95 | $0.98 | $1.22 | $0.75 | $0.88 | $0.88 | $1.07 | $0.52 | $0.58 | $0.57 | $0.78 | $0.44 | $0.60 | $0.48 | $0.76 | $0.39 | $0.52 | $0.40 | $0.57 | $0.29 | $0.43 |
| 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% |
According to 2 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).