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Progressive (PGR) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

PGR Stock Forecast

Progressive (PGR) stock forecast, based on 36 Wall Street analysts, predicts a 12-month average price target of $283.50, with a high of $294.00 and a low of $273.00. This represents a 6.80% increase from the last price of $265.45.

$150 $180 $210 $240 $270 $300 High: $294 Avg: $283.5 Low: $273 Last Closed Price: $265.45

PGR Stock Rating

Progressive stock's rating consensus is Buy, based on 36 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 19 Buy (52.78%), 16 Hold (44.44%), 1 Sell (2.78%), and 0 Strong Sell (0.00%).

Buy
Total 36 1 16 19 Strong Sell Sell Hold Buy Strong Buy

PGR Price Target Upside V Benchmarks

TypeNameUpside
StockProgressive6.80%
SectorFinancial Services Stocks 14.91%
IndustryProperty & Casualty Insurance Stocks4.11%

Price Target Trends

1M3M12M
# Anlaysts--23
Avg Price Target--$272.78
Last Closing Price$265.45$265.45$265.45
Upside/Downside--2.76%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 258461-19
Mar, 258561-20
Feb, 258561-20
Jan, 258561-20
Dec, 248671-22
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 06, 2024Alex ScottGoldman Sachs$294.00$246.7419.15%10.76%
Nov 04, 2024Michael ZaremskiBMO Capital$273.00$241.4813.05%2.84%
Oct 21, 2024Alex ScottGoldman Sachs$292.00$250.7416.46%10.00%
Oct 18, 2024Bob HuangMorgan Stanley$310.00$251.3423.34%16.78%
Oct 16, 2024Catherine SeifertCFRA$290.00$252.6114.80%9.25%
Oct 16, 2024Elyse GreenspanWells Fargo$297.00$251.6018.04%11.89%
Oct 04, 2024Michael WardCitigroup$257.00$255.360.64%-3.18%
Sep 17, 2024Alex ScottGoldman Sachs$280.00$255.449.61%5.48%
Sep 16, 2024Bob HuangMorgan Stanley$300.00$255.4617.44%13.02%
Sep 15, 2024Joshua ShankerBank of America Securities$309.00$255.4620.96%16.41%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Dec 13, 2024Morgan StanleyOverweightOverweighthold
Oct 23, 2024BarclaysEqual-WeightEqual-Weighthold
Oct 21, 2024Goldman SachsNeutralNeutralhold
Oct 18, 2024Morgan StanleyOverweightOverweighthold
Oct 16, 2024CFRABuyBuyhold
Oct 16, 2024BMO CapitalOutperformOutperformhold
Oct 15, 2024Wells FargoOverweightOverweighthold
Oct 15, 2024Cowen & Co.HoldHoldhold
Oct 09, 2024Wells FargoBuyBuyhold
Oct 09, 2024JefferiesBuyBuyhold

Financial Forecast

EPS Forecast

$0 $5 $10 $15 $20 $25 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$9.71$5.69$1.19$6.61----
Avg Forecast$7.37$3.57$4.01$5.57$13.51$14.47$15.26$16.57
High Forecast$7.71$3.73$4.14$5.70$13.95$18.83$20.47$18.63
Low Forecast$6.94$3.36$3.91$5.23$12.90$11.59$13.94$14.51
Surprise %31.75%59.38%-70.32%18.67%----

Revenue Forecast

$0 $30B $60B $90B $120B $150B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$42.64B$47.68B$49.59B$62.08B$8.76B---
Avg Forecast$41.07B$46.02B$50.95B$60.52B$74.35B$87.70B$98.03B$109.55B
High Forecast$42.52B$47.65B$52.24B$61.05B$74.79B$89.56B$102.84B$113.53B
Low Forecast$39.22B$43.95B$50.00B$59.79B$73.82B$86.09B$93.77B$105.56B
Surprise %3.82%3.61%-2.68%2.58%-88.21%---

Net Income Forecast

$0 $3B $6B $9B $12B $15B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27
Reported$5.70B$3.35B$721.50M$3.90B$8.48B---
Avg Forecast$4.33B$2.10B$2.55B$3.86B$8.08B$8.45B$8.93B$9.73B
High Forecast$4.53B$2.19B$3.24B$4.97B$8.20B$11.06B$12.02B$10.94B
Low Forecast$4.08B$1.97B$1.85B$2.76B$7.58B$6.81B$8.19B$8.52B
Surprise %31.78%59.90%-71.69%0.97%4.90%---

PGR Forecast FAQ

Is Progressive stock a buy?

Progressive stock has a consensus rating of Buy, based on 36 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 19 Buy, 16 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that Progressive is a favorable investment for most analysts.

What is Progressive's price target?

Progressive's price target, set by 36 Wall Street analysts, averages $283.5 over the next 12 months. The price target range spans from $273 at the low end to $294 at the high end, suggesting a potential 6.80% change from the previous closing price of $265.45.

How does Progressive stock forecast compare to its benchmarks?

Progressive's stock forecast shows a 6.80% upside, underperforming the average forecast for the financial services stocks sector (14.91%) and outperforming the property & casualty insurance stocks industry (4.11%).

What is the breakdown of analyst ratings for Progressive over the past three months?

  • April 2025: 42.11% Strong Buy, 21.05% Buy, 31.58% Hold, 5.26% Sell, 0% Strong Sell.
  • March 2025: 40.00% Strong Buy, 25.00% Buy, 30.00% Hold, 5.00% Sell, 0% Strong Sell.
  • February 2025: 40.00% Strong Buy, 25.00% Buy, 30.00% Hold, 5.00% Sell, 0% Strong Sell.

What is Progressive’s EPS forecast?

Progressive's average annual EPS forecast for its fiscal year ending in December 2025 is $14.47, marking a 0% decrease from the reported $0 in 2024. Estimates for the following years are $15.26 in 2026, and $16.57 in 2027.

What is Progressive’s revenue forecast?

Progressive's average annual revenue forecast for its fiscal year ending in December 2025 is $87.7B, reflecting a 900.82% increase from the reported $8.76B in 2024. The forecast for 2026 is $98.03B, and $109.55B for 2027.

What is Progressive’s net income forecast?

Progressive's net income forecast for the fiscal year ending in December 2025 stands at $8.45B, representing a -0.34% decrease from the reported $8.48B in 2024. Projections indicate $8.93B in 2026, and $9.73B in 2027.