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Home › Stocks › Progressive Corporation (PGR) Stock Forecast & Price Prediction United States | NYSE | Financial Services | Insurance - Property & Casualty
$277.12
-3.88 (-1.38%)10 Quality Stocks Worth Considering Now
Researching Progressive (PGR) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 30 Wall Street analysts, PGR has a bullish consensus with a median price target of $293.50 (ranging from $183.00 to $330.00). The overall analyst rating is Buy (7.5/10). Currently trading at $277.12, the median forecast implies a 5.9% upside. This outlook is supported by 11 Buy, 7 Hold, and 1 Sell ratings.
The most optimistic forecast comes from Bob Huang at Morgan Stanley, projecting a 19.1% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for PGR.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
May 19, 2025 | Morgan Stanley | Bob Huang | Overweight | Maintains | $330.00 |
May 7, 2025 | Wells Fargo | Elyse Greenspan | Overweight | Maintains | $328.00 |
Apr 29, 2025 | Morgan Stanley | Bob Huang | Overweight | Maintains | $320.00 |
Apr 17, 2025 | BMO Capital | Michael Zaremski | Outperform | Maintains | $288.00 |
Apr 17, 2025 | Wells Fargo | Elyse Greenspan | Overweight | Maintains | $324.00 |
Apr 17, 2025 | Keefe, Bruyette & Woods | Meyer Shields | Market Perform | Downgrade | $288.00 |
Apr 17, 2025 | B of A Securities | Joshua Shanker | Neutral | Maintains | $297.00 |
Apr 11, 2025 | Barclays | Alex Scott | Equal-Weight | Maintains | $297.00 |
Apr 11, 2025 | Jefferies | Yaron Kinar | Buy | Maintains | $319.00 |
Apr 10, 2025 | Wells Fargo | Elyse Greenspan | Overweight | Maintains | $320.00 |
Apr 9, 2025 | Keefe, Bruyette & Woods | Meyer Shields | Outperform | Maintains | $288.00 |
Apr 8, 2025 | JP Morgan | Jimmy Bhullar | Overweight | Maintains | $287.00 |
Apr 4, 2025 | B of A Securities | Joshua Shanker | Neutral | Downgrade | $287.00 |
Mar 20, 2025 | B of A Securities | Joshua Shanker | Buy | Maintains | $300.00 |
Mar 20, 2025 | Keefe, Bruyette & Woods | Meyer Shields | Outperform | Maintains | $300.00 |
Mar 14, 2025 | UBS | Brian Meredith | Neutral | Maintains | $285.00 |
Mar 13, 2025 | Barclays | Alex Scott | Equal-Weight | Maintains | $285.00 |
Mar 10, 2025 | B of A Securities | Joshua Shanker | Buy | Maintains | $318.00 |
Feb 25, 2025 | Roth MKM | Harry Fong | Buy | Maintains | $315.00 |
Feb 20, 2025 | Wells Fargo | Elyse Greenspan | Overweight | Maintains | $317.00 |
The following stocks are similar to Progressive based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Progressive Corporation has a market capitalization of $162.81B with a P/E ratio of 18.7x. The company generates $78.51B in trailing twelve-month revenue with a 11.1% profit margin.
Revenue growth is +18.4% quarter-over-quarter, while maintaining an operating margin of +16.2% and return on equity of +34.3%.
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Provides innovative personal and commercial insurance.
The company primarily generates revenue through its automotive insurance offerings, supplemented by home, renters, and business insurance. Utilizing a direct-to-consumer sales model, Progressive enhances customer engagement via its digital presence, allowing for efficient quote generation and policy management.
Founded in 1937 and headquartered in Mayfield Village, Ohio, Progressive holds a significant market share in the U.S. insurance market. Its technological integration and customer-centric services, such as the 'Name Your Price' tool, give it a competitive advantage.
Financial Services
Insurance - Property & Casualty
66,308
Ms. Susan Patricia Griffith
United States
1986
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Progressive (PGR) concluded the recent trading session at $280.96, signifying a -1.63% move from its prior day's close.
Progressive Corporation (NYSE:PGR) announced its financial results for April 2025. Further details on the performance were not provided in the excerpt.
The Progressive Corporation's monthly results can impact stock performance, influencing investor sentiment and potential future earnings forecasts.
Progressive (PGR) is currently attracting significant interest from Zacks.com users, indicating potential factors that could influence its stock performance.
Increased attention from Zacks.com users may indicate heightened interest or potential volatility in Progressive (PGR), influencing stock performance and investor sentiment.
Progressive (PGR) closed at $280.96, reflecting a decline of 1.63% from the previous day's closing price.
The 1.63% decline in Progressive's stock price indicates potential volatility, which could signal changing market sentiment and influence investor decisions regarding the company.
The Progressive Corporation is rated a Buy with a fair value of $354, supported by strong client segmentation, profitable business model, and competitive advantages from its usage-based insurance.
Progressive's strong rating, fair value, and innovative digital platforms suggest growth potential and profitability, appealing to investors seeking reliable returns in the insurance sector.
Corporate leadership is increasingly becoming more diverse, with a notable shift away from male dominance in recent years.
Shifts in corporate leadership demographics can impact company culture, governance, and performance, potentially affecting stock prices and investment strategies.
Zacks Style Scores provide a method for investors to identify top-rated stocks aligned with their investing style, offering a strategic advantage in stock selection.
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Based on our analysis of 30 Wall Street analysts, Progressive Corporation (PGR) has a median price target of $293.50. The highest price target is $330.00 and the lowest is $183.00.
According to current analyst ratings, PGR has 11 Buy ratings, 7 Hold ratings, and 1 Sell ratings. The stock is currently trading at $277.12. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict PGR stock could reach $293.50 in the next 12 months. This represents a 5.9% increase from the current price of $277.12. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company primarily generates revenue through its automotive insurance offerings, supplemented by home, renters, and business insurance. Utilizing a direct-to-consumer sales model, Progressive enhances customer engagement via its digital presence, allowing for efficient quote generation and policy management.
The highest price target for PGR is $330.00 from Bob Huang at Morgan Stanley, which represents a 19.1% increase from the current price of $277.12.
The lowest price target for PGR is $183.00 from at , which represents a -34.0% decrease from the current price of $277.12.
The overall analyst consensus for PGR is bullish. Out of 30 Wall Street analysts, 11 rate it as Buy, 7 as Hold, and 1 as Sell, with a median price target of $293.50.
Stock price projections, including those for Progressive Corporation, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.