Progressive (PGR) Stock Forecast, Price Target & Predictions

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PGR Stock Forecast

Progressive stock forecast is as follows: an average price target of $239.50 (represents a -6.82% downside from PGR’s last price of $257.02) and a rating consensus of 'Buy', based on 21 wall street analysts offering a 1-year stock forecast.

PGR Price Target

The average price target for Progressive (PGR) is $239.50 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $310.00 to $92.00. This represents a potential -6.82% downside from PGR's last price of $257.02.

PGR Analyst Ratings

Buy

According to 21 Wall Street analysts, Progressive's rating consensus is 'Buy'. The analyst rating breakdown for PGR stock is 0 'Strong Buy' (0.00%), 14 'Buy' (66.67%), 7 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Progressive Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Nov 06, 2024	Alex Scott	Goldman Sachs	$294.00	$246.74	19.16%	14.39%
Nov 04, 2024	Michael Zaremski	BMO Capital	$273.00	$241.48	13.05%	6.22%
Oct 21, 2024	Alex Scott	Goldman Sachs	$292.00	$250.74	16.46%	13.61%
Oct 18, 2024	Bob Huang	Morgan Stanley	$310.00	$251.34	23.34%	20.61%
Oct 16, 2024	Catherine Seifert	CFRA	$290.00	$252.61	14.80%	12.83%
Oct 16, 2024	Elyse Greenspan	Wells Fargo	$297.00	$251.60	18.04%	15.56%
Oct 04, 2024	Michael Ward	Citigroup	$257.00	$255.36	0.64%	-0.01%
Sep 17, 2024	Alex Scott	Goldman Sachs	$280.00	$255.44	9.62%	8.94%
Sep 16, 2024	Bob Huang	Morgan Stanley	$300.00	$255.46	17.44%	16.72%
Sep 15, 2024	Joshua Shanker	Bank of America Securities	$309.00	$255.46	20.96%	20.22%

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The latest Progressive stock forecast, released on Nov 06, 2024 by Alex Scott from Goldman Sachs, set a price target of $294.00, which represents a 19.16% increase from the stock price at the time of the forecast ($246.74), and a 14.39% increase from PGR last price ($257.02).

Progressive Price Target by Period

	1M	3M	12M
# Anlaysts	3	14	31
Avg Price Target	$286.33	$287.36	$263.06
Last Closing Price	$257.02	$257.02	$257.02
Upside/Downside	11.40%	11.80%	2.35%

In the current month, the average price target of Progressive stock is $286.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 11.40% increase as opposed to Progressive's last price of $257.02. This month's average price target is down -0.36% compared to last quarter, and up 8.85% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 23, 2024	Barclays	Equal-Weight	Equal-Weight	Hold
Oct 21, 2024	Goldman Sachs	Neutral	Neutral	Hold
Oct 18, 2024	Morgan Stanley	Overweight	Overweight	Hold
Oct 16, 2024	CFRA	Buy	Buy	Hold
Oct 16, 2024	BMO Capital	Outperform	Outperform	Hold
Oct 15, 2024	Wells Fargo	Overweight	Overweight	Hold
Oct 15, 2024	Cowen & Co.	Hold	Hold	Hold
Oct 09, 2024	Wells Fargo	Buy	Buy	Hold
Oct 09, 2024	Wellington Shields	Underperform	Underperform	Hold
Oct 09, 2024	Jefferies	Buy	Buy	Hold

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Progressive's last stock rating was published by Barclays on Oct 23, 2024. The company gave PGR a "Equal-Weight" rating, the same as its previous rate.

Progressive Financial Forecast

Progressive 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	-	-	-	-	-	-	-	-	-	-	-	-	$16.08B	$15.55B	$15.35B	$14.30B	$13.46B	$12.77B	$11.51B	$11.84B	$12.49B	$11.85B	$11.90B	$11.44B	$11.41B	$10.94B	$10.97B	$9.32B	$10.73B	$9.52B
Avg Forecast	$23.85B	$25.46B	$24.03B	$25.24B	$21.69B	$22.84B	$21.59B	$22.23B	$19.01B	$19.02B	$17.58B	$17.02B	$14.90B	$15.40B	$15.02B	$15.35B	$12.74B	$13.29B	$12.47B	$12.94B	$11.05B	$12.10B	$11.38B	$11.03B	$10.50B	$10.78B	$9.79B	$10.10B	$9.06B	$9.57B
High Forecast	$25.09B	$26.78B	$25.27B	$26.55B	$22.81B	$24.02B	$22.71B	$23.42B	$19.65B	$19.08B	$17.58B	$17.09B	$15.27B	$16.20B	$15.80B	$16.15B	$13.40B	$13.99B	$13.14B	$13.63B	$11.64B	$12.74B	$11.99B	$11.62B	$11.05B	$11.36B	$10.31B	$10.64B	$9.55B	$10.08B
Low Forecast	$22.20B	$23.69B	$22.36B	$23.49B	$20.18B	$21.26B	$20.10B	$21.13B	$17.82B	$18.97B	$17.58B	$16.95B	$14.51B	$14.33B	$13.98B	$14.29B	$11.85B	$12.56B	$11.79B	$12.23B	$10.45B	$11.44B	$10.76B	$10.43B	$9.92B	$10.19B	$9.26B	$9.55B	$8.57B	$9.05B
# Analysts	3	3	3	3	4	4	4	6	7	3	3	3	6	3	3	3	4	4	4	4	3	3	3	3	9	9	9	9	5	5
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.08%	1.01%	1.02%	0.93%	1.06%	0.96%	0.92%	0.91%	1.13%	0.98%	1.05%	1.04%	1.09%	1.01%	1.12%	0.92%	1.18%	0.99%

Progressive's average Quarter revenue forecast for Mar 24 based on 3 analysts is $17.02B, with a low forecast of $16.95B, and a high forecast of $17.09B. PGR's average Quarter revenue forecast represents a 5.87% increase compared to the company's last Quarter revenue of $16.08B (Dec 23).

Progressive 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	3	3	6	3	3	3	4	4	4	4	3	3	3	3	9	9	9	9	5	5
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$1.99B	$1.41B	$501.40M	$617.70M	$1.17B	$288.90M	$-488.90M	$530.20M	$1.35B	$282.30M	$1.14B	$2.00B	$2.25B	$2.06B	$2.41B	$993.40M	$1.47B	$1.13B
Avg Forecast	$2.53B	$2.70B	$2.55B	$2.68B	$2.30B	$2.42B	$2.29B	$2.36B	$2.01B	$2.02B	$1.86B	$669.44M	$1.58B	$1.63B	$1.59B	$608.58M	$1.63B	$1.38B	$1.30B	$553.25M	$1.15B	$1.26B	$806.16M	$1.15B	$1.09B	$1.12B	$1.02B	$738.51M	$943.94M	$997.08M
High Forecast	$2.66B	$2.84B	$2.68B	$2.81B	$2.42B	$2.55B	$2.41B	$2.48B	$2.08B	$2.02B	$1.86B	$803.32M	$1.62B	$1.72B	$1.67B	$730.29M	$1.95B	$1.46B	$1.37B	$663.90M	$1.21B	$1.33B	$967.40M	$1.21B	$1.15B	$1.18B	$1.07B	$886.22M	$994.15M	$1.05B
Low Forecast	$2.35B	$2.51B	$2.37B	$2.49B	$2.14B	$2.25B	$2.13B	$2.24B	$1.89B	$2.01B	$1.86B	$535.55M	$1.54B	$1.52B	$1.48B	$486.86M	$1.30B	$1.31B	$1.23B	$442.60M	$1.09B	$1.19B	$644.93M	$1.09B	$1.03B	$1.06B	$964.09M	$590.81M	$892.50M	$942.73M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.26%	0.86%	0.31%	1.01%	0.72%	0.21%	-0.38%	0.96%	1.17%	0.22%	1.41%	1.74%	2.06%	1.84%	2.36%	1.35%	1.55%	1.13%

3 analysts predict PGR's average Quarter EBITDA for Mar 24 to be $669.44M, with a high of $803.32M and a low of $535.55M. This is -66.32% lower than Progressive's previous annual EBITDA (Dec 23) of $1.99B.

Progressive 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	3	3	6	3	3	3	4	4	4	4	3	3	3	3	9	9	9	9	5	5
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$1.99B	$1.12B	$345.40M	$447.90M	$826.40M	$124.10M	$-542.90M	$313.90M	$962.30M	$118.50M	$790.10M	$1.48B	$1.68B	$1.53B	$1.79B	$692.70M	$1.07B	$841.70M
Avg Forecast	$2.21B	$1.91B	$2.01B	$2.33B	$2.23B	$1.91B	$1.91B	$2.24B	$1.83B	$2.17B	$1.20B	$396.33M	$1.43B	$1.01B	$490.03M	$360.30M	$1.16B	$613.55M	$545.94M	$327.55M	$579.11M	$122.36M	$560.50M	$1.01B	$983.80M	$1.01B	$1.02B	$514.97M	$657.42M	$766.59M
High Forecast	$2.35B	$2.04B	$2.14B	$2.49B	$2.38B	$2.04B	$2.04B	$2.47B	$2.36B	$2.31B	$1.20B	$475.60M	$1.50B	$1.08B	$523.02M	$432.36M	$1.40B	$655.98M	$583.69M	$393.06M	$619.15M	$130.83M	$672.60M	$1.08B	$1.05B	$1.08B	$1.09B	$617.96M	$702.88M	$819.60M
Low Forecast	$2.01B	$1.73B	$1.83B	$2.12B	$2.03B	$1.74B	$1.74B	$1.91B	$1.51B	$1.97B	$1.20B	$317.07M	$1.22B	$918.49M	$445.85M	$288.24M	$931.51M	$570.08M	$507.26M	$262.04M	$538.07M	$113.70M	$448.40M	$940.70M	$914.10M	$940.46M	$946.81M	$411.97M	$610.84M	$712.28M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.39%	1.11%	0.70%	1.24%	0.71%	0.20%	-0.99%	0.96%	1.66%	0.97%	1.41%	1.46%	1.71%	1.51%	1.76%	1.35%	1.63%	1.10%

Progressive's average Quarter net income forecast for Mar 24 is $396.33M, with a range of $317.07M to $475.60M. PGR's average Quarter net income forecast represents a -80.06% decrease compared to the company's last Quarter net income of $1.99B (Dec 23).

Progressive 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	3	3	6	3	3	3	4	4	4	4	3	3	3	3	9	9	9	9	5	5
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$47.50M	$46.80M	$48.70M
Avg Forecast	$-255.00M	$-272.16M	$-256.88M	$-269.86M	$-231.87M	$-244.17M	$-230.87M	$-237.65M	$-203.19M	$-203.39M	$-187.97M	$-181.96M	$-159.32M	$-164.64M	$-160.59M	$-164.15M	$-136.17M	$79.35M	$74.47M	$77.25M	$65.98M	$72.25M	$67.95M	$65.89M	$62.67M	$64.38M	$58.46M	$35.31M	$54.12M	$57.16M
High Forecast	$-237.31M	$-253.29M	$-239.06M	$-251.15M	$-215.79M	$-227.24M	$-214.86M	$-225.93M	$-190.53M	$-202.79M	$-187.97M	$-181.22M	$-155.16M	$-153.22M	$-149.45M	$-152.77M	$-126.72M	$83.57M	$78.43M	$81.36M	$69.49M	$76.09M	$71.57M	$69.39M	$66.00M	$67.80M	$61.57M	$42.38M	$57.00M	$60.20M
Low Forecast	$-268.21M	$-286.26M	$-270.18M	$-283.84M	$-243.88M	$-256.82M	$-242.83M	$-250.43M	$-210.13M	$-204.00M	$-187.97M	$-182.69M	$-163.28M	$-173.17M	$-168.91M	$-172.65M	$-143.22M	$75.02M	$70.41M	$73.04M	$62.39M	$68.31M	$64.25M	$62.29M	$59.25M	$60.87M	$55.27M	$28.25M	$51.17M	$54.05M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.35%	0.86%	0.85%

Progressive's average Quarter SG&A projection for Jun 20 is $58.46M, based on 9 Wall Street analysts, with a range of $55.27M to $61.57M. The forecast indicates a 23.07% rise compared to PGR last annual SG&A of $47.50M (Mar 20).

Progressive 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	3	3	6	3	3	3	4	4	4	4	3	3	3	3	9	9	9	9	5	5
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$3.38	$0.63	$0.59	$0.75	$1.41	$0.20	$-0.93	$0.53	$1.65	$0.19	$1.34	$2.51	$2.88	$0.39	$0.80	$1.17	$1.83	$1.43
Avg Forecast	$3.75	$3.24	$3.41	$3.96	$3.79	$3.25	$3.26	$3.81	$3.11	$3.69	$2.05	$3.22	$2.43	$1.72	$0.83	$1.37	$1.43	$1.04	$0.93	$1.24	$0.99	$0.21	$1.02	$1.72	$1.68	$1.72	$1.74	$1.54	$1.12	$1.31
High Forecast	$4.01	$3.46	$3.64	$4.23	$4.05	$3.47	$3.48	$4.20	$4.01	$3.93	$2.05	$3.22	$2.55	$1.83	$0.89	$1.40	$1.53	$1.12	$0.99	$1.32	$1.05	$0.22	$1.03	$1.84	$1.79	$1.84	$1.86	$1.64	$1.20	$1.40
Low Forecast	$3.41	$2.95	$3.11	$3.61	$3.45	$2.96	$2.96	$3.25	$2.57	$3.35	$2.05	$3.22	$2.08	$1.56	$0.76	$1.34	$1.30	$0.97	$0.86	$1.15	$0.92	$0.19	$1.02	$1.60	$1.56	$1.60	$1.61	$1.43	$1.04	$1.21
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.39%	0.37%	0.71%	0.55%	0.99%	0.19%	-1.00%	0.43%	1.67%	0.91%	1.31%	1.46%	1.72%	0.23%	0.46%	0.76%	1.64%	1.10%

According to 3 Wall Street analysts, Progressive's projected average Quarter EPS for Mar 24 is $3.22, with a low estimate of $3.22 and a high estimate of $3.22. This represents a -4.87% decrease compared to PGR previous annual EPS of $3.38 (Dec 23).

Progressive Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
WRB	W. R. Berkley	$60.94	$67.15	10.19%	Buy
RLI	RLI	$176.01	$170.50	-3.13%	Buy
PGR	Progressive	$257.02	$239.50	-6.82%	Buy
KNSL	Kinsale Capital Group	$478.29	$445.20	-6.92%	Hold
CB	Chubb	$282.84	$260.00	-8.08%	Buy
ALL	Allstate	$197.29	$178.60	-9.47%	Buy
TRV	Travelers Companies	$257.19	$230.45	-10.40%	Hold
CINF	Cincinnati Financial	$151.62	$130.20	-14.13%	Buy

PGR Forecast FAQ

Is Progressive a good buy?

Yes, according to 21 Wall Street analysts, Progressive (PGR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 66.67% of PGR's total ratings.

What is PGR's price target?

Progressive (PGR) average price target is $239.5 with a range of $92 to $310, implying a -6.82% from its last price of $257.02. The data is based on 21 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Progressive stock go up soon?

According to Wall Street analysts' prediction for PGR stock, the company can go down by -6.82% (from the last price of $257.02 to the average price target of $239.5), up by 20.61% based on the highest stock price target, and down by -64.21% based on the lowest stock price target.

Can Progressive stock reach $400?

PGR's average twelve months analyst stock price target of $239.5 does not support the claim that Progressive can reach $400 in the near future.

What is Progressive's current price target trend?

3 Wall Street analysts forecast a $286.33 price target for Progressive (PGR) this month, up 11.40% from its last price of $257.02. Compared to the last 3 and 12 months, the average price target increased by 11.80% and increased by 2.35%, respectively.

What are Progressive's analysts' financial forecasts?

Progressive's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $88.35B (high $92.97B, low $82.67B), average EBITDA is $9.37B (high $9.86B, low $8.76B), average net income is $8.29B (high $8.93B, low $7.42B), average SG&A $-945M (high $-884M, low $-994M), and average EPS is $14.11 (high $15.2, low $12.62). PGR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $98.58B (high $103.69B, low $91.74B), average EBITDA is $10.45B (high $10.99B, low $9.72B), average net income is $8.45B (high $9.02B, low $7.69B), average SG&A $-1.054B (high $-981M, low $-1.108B), and average EPS is $14.38 (high $15.34, low $13.08).

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

Based on Progressive's last annual report (Dec 2023), the company's revenue was $62.08B, beating the average analysts forecast of $60.68B by 2.31%. Apple's EBITDA was $0, missing the average prediction of $5.41B by -100.00%. The company's net income was $3.9B, beating the average estimation of $3.29B by 18.70%. Apple's SG&A was $0, missing the average forecast of $-649M by -100.00%. Lastly, the company's EPS was $6.64, beating the average prediction of $6.35 by 4.50%. In terms of the last quarterly report (Dec 2023), Progressive's revenue was $16.08B, beating the average analysts' forecast of $14.9B by 7.88%. The company's EBITDA was $1.99B, beating the average prediction of $1.58B by 25.84%. Progressive's net income was $1.99B, beating the average estimation of $1.43B by 39.23%. The company's SG&A was $0, missing the average forecast of $-159M by -100.00%. Lastly, the company's EPS was $3.38, beating the average prediction of $2.43 by 39.11%