Progressive (PGR) Stock Forecast, Price Target & Predictions
PGR Stock Forecast
Progressive stock forecast is as follows: an average price target of $222.25 (represents a -13.49% downside from PGR’s last price of $256.91) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.
PGR Price Target
The average price target for Progressive (PGR) is $222.25 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $309.00 to $92.00. This represents a potential -13.49% downside from PGR's last price of $256.91.
PGR Analyst Ratings
According to 19 Wall Street analysts, Progressive's rating consensus is 'Buy'. The analyst rating breakdown for PGR stock is 0 'Strong Buy' (0.00%), 14 'Buy' (73.68%), 5 'Hold' (26.32%), 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 |
|---|---|---|---|---|---|---|
| Sep 17, 2024 | Alex Scott | Goldman Sachs | $280.00 | $255.44 | 9.62% | 8.99% |
| Sep 16, 2024 | Bob Huang | Morgan Stanley | $300.00 | $255.46 | 17.44% | 16.77% |
| Sep 15, 2024 | Joshua Shanker | Bank of America Securities | $309.00 | $255.46 | 20.96% | 20.28% |
| Sep 14, 2024 | Bob Huang | Morgan Stanley | $260.00 | $255.46 | 1.78% | 1.20% |
| Sep 10, 2024 | Elyse Greenspan | Wells Fargo | $282.00 | $251.31 | 12.21% | 9.77% |
| Sep 04, 2024 | Alex Scott | Barclays | $267.00 | $253.91 | 5.16% | 3.93% |
| Sep 03, 2024 | Joshua Shanker | Bank of America Securities | $312.00 | $252.20 | 23.71% | 21.44% |
| Aug 15, 2024 | Paul Newsome | Piper Sandler | $252.00 | $234.34 | 7.54% | -1.91% |
| Aug 15, 2024 | Alex Scott | Goldman Sachs | $262.00 | $235.17 | 11.41% | 1.98% |
| Aug 14, 2024 | David Motemaden | Evercore ISI | $257.00 | $234.34 | 9.67% | 0.04% |
The latest Progressive stock forecast, released on Sep 17, 2024 by Alex Scott from Goldman Sachs, set a price target of $280.00, which represents a 9.62% increase from the stock price at the time of the forecast ($255.44), and a 8.99% increase from PGR last price ($256.91).
Progressive Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 7 | 13 | 25 |
| Avg Price Target | $287.14 | $271.38 | $252.28 |
| Last Closing Price | $256.91 | $256.91 | $256.91 |
| Upside/Downside | 11.77% | 5.63% | -1.80% |
In the current month, the average price target of Progressive stock is $287.14, according to 7 Wall Street analysts offering twelve months forecast. The average price target represents a 11.77% increase as opposed to Progressive's last price of $256.91. This month's average price target is up 5.81% compared to last quarter, and up 13.82% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 17, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Sep 14, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Sep 13, 2024 | Keefe, Bruyette & Woods | Outperform | Outperform | Hold |
| Sep 13, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Sep 10, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Sep 04, 2024 | Barclays | Underweight | Equal-Weight | Initialise |
| Sep 03, 2024 | Wells Fargo | Buy | Buy | Hold |
| Sep 03, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Aug 16, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Aug 15, 2024 | Piper Sandler | Overweight | Overweight | Hold |
Progressive's last stock rating was published by Goldman Sachs on Sep 17, 2024. The company gave PGR a "Buy" 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 | Jul 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 | - | $11.84B | $12.49B | $11.85B | $11.90B | $11.44B | $11.41B | $10.94B | $10.97B | $9.32B | $10.73B | $9.52B |
| Avg Forecast | $24.57B | $25.74B | $24.31B | $25.73B | $21.22B | $21.93B | $21.24B | $21.86B | $18.92B | $19.00B | $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 | $25.76B | $26.98B | $25.48B | $26.98B | $22.24B | $22.99B | $22.27B | $22.91B | $19.84B | $19.77B | $18.43B | $17.84B | $15.27B | $16.15B | $15.75B | $16.10B | $13.35B | $13.93B | $12.47B | $13.40B | $11.45B | $12.54B | $11.79B | $11.43B | $10.87B | $11.17B | $10.14B | $10.46B | $9.39B | $9.92B |
| Low Forecast | $23.13B | $24.22B | $22.88B | $24.22B | $19.97B | $20.64B | $20.00B | $20.57B | $17.81B | $18.16B | $16.55B | $16.02B | $14.51B | $14.50B | $14.14B | $14.45B | $11.99B | $12.51B | $12.47B | $12.39B | $10.58B | $11.59B | $10.90B | $10.57B | $10.05B | $10.33B | $9.38B | $9.67B | $8.68B | $9.17B |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 11 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.01% | 1.02% | 0.93% | 1.06% | 0.96% | - | 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 $16.02B, and a high forecast of $17.84B. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 11 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $1.99B | $1.41B | $501.40M | $617.70M | $1.17B | $288.90M | - | $530.20M | $1.35B | $282.30M | $1.14B | $2.00B | $2.25B | $2.06B | $2.41B | $993.40M | $1.47B | $1.13B |
| Avg Forecast | $2.56B | $2.68B | $2.53B | $2.68B | $2.21B | $2.28B | $2.21B | $2.28B | $1.97B | $1.98B | $1.83B | $669.44M | $1.55B | $1.60B | $1.56B | $608.58M | $1.33B | $2.05B | $1.09B | $553.25M | $1.48B | $1.06B | $806.16M | $962.45M | $915.46M | $1.86B | $853.95M | $738.51M | $1.44B | $1.11B |
| High Forecast | $2.68B | $2.81B | $2.65B | $2.81B | $2.32B | $2.39B | $2.32B | $2.39B | $2.07B | $2.06B | $1.92B | $803.32M | $1.59B | $1.68B | $1.64B | $730.29M | $1.39B | $2.46B | $1.09B | $663.90M | $1.78B | $1.09B | $967.40M | $997.22M | $948.53M | $2.23B | $884.79M | $886.22M | $1.73B | $1.33B |
| Low Forecast | $2.41B | $2.52B | $2.38B | $2.52B | $2.08B | $2.15B | $2.08B | $2.14B | $1.86B | $1.89B | $1.72B | $535.55M | $1.51B | $1.51B | $1.47B | $486.86M | $1.25B | $1.64B | $1.09B | $442.60M | $1.18B | $1.01B | $644.93M | $921.72M | $876.72M | $1.49B | $817.80M | $590.81M | $1.15B | $888.70M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.28% | 0.88% | 0.32% | 1.01% | 0.88% | 0.14% | - | 0.96% | 0.91% | 0.27% | 1.41% | 2.08% | 2.46% | 1.11% | 2.82% | 1.35% | 1.02% | 1.02% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 11 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $1.99B | $1.12B | $345.40M | $447.90M | $826.40M | $124.10M | - | $313.90M | $962.30M | $118.50M | $790.10M | $1.48B | $1.68B | $1.53B | $1.79B | $692.70M | $1.07B | $841.70M |
| Avg Forecast | $2.29B | $1.82B | $1.87B | $2.33B | $2.13B | $1.73B | $1.81B | $2.15B | $1.91B | $1.97B | $1.20B | $396.33M | $1.43B | $1.01B | $489.78M | $360.30M | $839.30M | $1.52B | $545.94M | $327.55M | $1.06B | $122.41M | $560.50M | $1.01B | $984.14M | $1.38B | $1.02B | $514.97M | $1.05B | $828.85M |
| High Forecast | $2.44B | $1.93B | $1.99B | $2.47B | $2.27B | $1.84B | $1.92B | $2.29B | $2.03B | $2.42B | $1.28B | $475.60M | $1.50B | $1.07B | $520.58M | $432.36M | $892.09M | $1.82B | $545.94M | $393.06M | $1.27B | $128.15M | $672.60M | $1.06B | $1.03B | $1.66B | $1.07B | $617.96M | $1.26B | $994.62M |
| Low Forecast | $2.12B | $1.68B | $1.73B | $2.15B | $1.97B | $1.59B | $1.67B | $1.99B | $1.77B | $1.54B | $1.11B | $317.07M | $1.22B | $931.91M | $452.36M | $288.24M | $775.17M | $1.21B | $545.94M | $262.04M | $846.82M | $115.67M | $448.40M | $957.06M | $929.99M | $1.10B | $963.28M | $411.97M | $841.87M | $663.08M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.39% | 1.11% | 0.71% | 1.24% | 0.98% | 0.08% | - | 0.96% | 0.91% | 0.97% | 1.41% | 1.46% | 1.71% | 1.11% | 1.76% | 1.35% | 1.02% | 1.02% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 11 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $47.50M | $46.80M | $48.70M |
| Avg Forecast | $146.72M | $153.67M | $145.14M | $153.65M | $126.69M | $130.97M | $126.85M | $130.50M | $113.00M | $113.45M | $104.99M | $101.63M | $88.98M | $91.96M | $89.69M | $91.68M | $76.05M | $79.35M | $74.47M | $77.25M | $65.98M | $72.25M | $67.95M | $65.89M | $62.67M | $64.38M | $58.46M | $35.31M | $45.99M | $47.96M |
| High Forecast | $153.82M | $161.10M | $152.16M | $161.08M | $132.82M | $137.31M | $132.99M | $136.82M | $118.46M | $118.03M | $110.07M | $106.55M | $91.20M | $96.41M | $94.03M | $96.12M | $79.73M | $83.18M | $74.47M | $80.04M | $68.37M | $74.86M | $70.41M | $68.27M | $64.93M | $66.70M | $60.57M | $42.38M | $55.19M | $57.55M |
| Low Forecast | $138.10M | $144.64M | $136.61M | $144.62M | $119.25M | $123.27M | $119.40M | $122.83M | $106.35M | $108.45M | $98.82M | $95.66M | $86.66M | $86.55M | $84.42M | $86.29M | $71.58M | $74.68M | $74.47M | $73.98M | $63.19M | $69.19M | $65.08M | $63.10M | $60.02M | $61.65M | $55.98M | $28.25M | $36.79M | $38.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.35% | 1.02% | 1.02% |
Progressive's average Quarter SG&A projection for Jun 20 is $58.46M, based on 8 Wall Street analysts, with a range of $55.98M to $60.57M. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 11 | 10 | 10 | 9 | 8 | 7 | 6 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $3.38 | $0.63 | $0.59 | $0.75 | $1.41 | $0.20 | - | $0.53 | $1.65 | $0.19 | $1.34 | $2.51 | $2.88 | $0.39 | $0.80 | $1.17 | $1.83 | $1.43 |
| Avg Forecast | $3.90 | $3.10 | $3.18 | $3.96 | $3.63 | $2.94 | $3.08 | $3.66 | $3.26 | $3.36 | $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 | $4.15 | $3.29 | $3.38 | $4.21 | $3.86 | $3.13 | $3.28 | $3.89 | $3.46 | $4.13 | $2.18 | $3.42 | $2.55 | $1.83 | $0.89 | $1.46 | $1.52 | $1.11 | $0.93 | $1.29 | $1.03 | $0.22 | $1.07 | $1.80 | $1.75 | $1.80 | $1.82 | $1.61 | $1.17 | $1.37 |
| Low Forecast | $3.60 | $2.86 | $2.94 | $3.66 | $3.36 | $2.72 | $2.85 | $3.38 | $3.01 | $2.61 | $1.89 | $2.97 | $2.08 | $1.59 | $0.77 | $1.27 | $1.32 | $0.96 | $0.93 | $1.17 | $0.93 | $0.20 | $0.97 | $1.63 | $1.58 | $1.63 | $1.64 | $1.45 | $1.06 | $1.23 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.39% | 0.37% | 0.71% | 0.55% | 0.99% | 0.19% | - | 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 $2.97 and a high estimate of $3.42. 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 | $58.13 | $76.88 | 32.26% | Buy |
| RLI | RLI | $153.27 | $152.67 | -0.39% | Buy |
| KNSL | Kinsale Capital Group | $455.37 | $442.20 | -2.89% | Hold |
| CINF | Cincinnati Financial | $136.17 | $131.25 | -3.61% | Buy |
| ALL | Allstate | $190.26 | $170.14 | -10.58% | Buy |
| TRV | Travelers Companies | $241.54 | $214.06 | -11.38% | Hold |
| CB | Chubb | $290.78 | $253.80 | -12.72% | Buy |
| PGR | Progressive | $256.91 | $222.25 | -13.49% | Buy |
PGR Forecast FAQ
Is Progressive a good buy?
Yes, according to 19 Wall Street analysts, Progressive (PGR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 73.68% of PGR's total ratings.
What is PGR's price target?
Progressive (PGR) average price target is $222.25 with a range of $92 to $309, implying a -13.49% from its last price of $256.91. The data is based on 19 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 -13.49% (from the last price of $256.91 to the average price target of $222.25), up by 20.28% based on the highest stock price target, and down by -64.19% based on the lowest stock price target.
Can Progressive stock reach $400?
PGR's average twelve months analyst stock price target of $222.25 does not support the claim that Progressive can reach $400 in the near future.
What is Progressive's current price target trend?
7 Wall Street analysts forecast a $287.14 price target for Progressive (PGR) this month, up 11.77% from its last price of $256.91. Compared to the last 3 and 12 months, the average price target increased by 5.63% and decreased by -1.80%, 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 $86.25B (high $90.42B, low $81.18B), average EBITDA is $8.98B (high $9.42B, low $8.46B), average net income is $7.82B (high $8.31B, low $7.22B), average SG&A $515.02M (high $539.93M, low $484.75M), and average EPS is $13.32 (high $14.16, low $12.3). PGR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $100.35B (high $105.2B, low $94.45B), average EBITDA is $10.45B (high $10.96B, low $9.84B), average net income is $8.31B (high $8.83B, low $7.67B), average SG&A $599.18M (high $628.17M, low $563.97M), and average EPS is $14.14 (high $15.03, low $13.06).
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 $5.33B by -100.00%. The company's net income was $3.9B, beating the average estimation of $3.29B by 18.76%. Apple's SG&A was $0, missing the average forecast of $362.32M 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 $1.55B by 28.07%. Progressive's net income was $1.99B, beating the average estimation of $1.43B by 39.30%. The company's SG&A was $0, missing the average forecast of $88.98M by -100.00%. Lastly, the company's EPS was $3.38, beating the average prediction of $2.43 by 39.11%