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PROG Holdings, Inc. (PRG) Stock Forecast & Price Prediction

Live PRG Stock Price & Analysis

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$43.65

+0.65 (1.51%)

12 Month Price Forecast For PRG

$43.65
Current Price
$1.79B
Market Cap
7 Ratings
Buy 6
Hold 1
Sell 0
Wall St Analyst Ratings

Distance to PRG Price Forecasts

+37.5%
To High Target of $60.00
+26.0%
To Median Target of $55.00
+10.0%
To Low Target of $48.00

PRG Price Momentum

+0.9%
1 Week Change
+2.5%
1 Month Change
+38.0%
1 Year Change
+3.3%
Year-to-Date Change
-13.2%
From 52W High of $50.28
+56.8%
From 52W Low of $27.84

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Disclaimer: 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.

Data last updated: February 6, 2025 5:54 AM UTC

PRG Analyst Ratings & Price Targets

Based on our analysis of 7 Wall Street analysts, PRG has a consensus that is bullish. The median price target is $55.00, with forecasts ranging from $48.00 to $60.00. Currently, there are 6 Buy ratings, 1 Hold ratings, and 0 Sell ratings.

With PRG currently trading at $43.65, the median price forecast suggests a 26.0% upside. The most optimistic forecast comes from Kyle Joseph at Stephens & Co., projecting a 37.5% upside, while Bobby Griffin at Raymond James provides the most conservative target, suggesting a 10.0% 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.

PRG Analyst Consensus

6
Buy
1
Hold
0
Sell

PRG Price Target Range

Low
$48.00
Average
$55.00
High
$60.00
Current: $43.65

Latest PRG Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for PRG.

Date Firm Analyst Rating Change Price Target
Jan 2, 2025 Stephens & Co. Kyle Joseph Overweight Reiterates $60.00
Nov 13, 2024 Stephens & Co. Kyle Joseph Overweight Initiates $60.00
Oct 24, 2024 Raymond James Bobby Griffin Outperform Upgrade $48.00
Oct 1, 2024 Jefferies Kyle Joseph Buy Maintains $58.00
Sep 10, 2024 Keybanc Bradley Thomas Overweight Maintains $55.00
Aug 19, 2024 Loop Capital Anthony Chukumba Buy Upgrade $55.00
Jul 25, 2024 Keybanc Bradley Thomas Overweight Maintains $46.00
Jul 25, 2024 TD Cowen Hoang Nguyen Buy Maintains $47.00
Jul 25, 2024 Loop Capital Anthony Chukumba Hold Maintains $41.00
Jun 7, 2024 BTIG Vincent Caintic Neutral Initiates $0.00
Apr 25, 2024 Loop Capital Anthony Chukumba Hold Maintains $35.00
Apr 25, 2024 TD Cowen Hoang Nguyen Buy Maintains $40.00
Mar 8, 2024 TD Cowen Hoang Nguyen Outperform Initiates $37.00
Jan 2, 2024 Stephens & Co. Vincent Caintic Overweight Upgrade $0.00
Oct 26, 2023 Stephens & Co. Vincent Caintic Equal-Weight Maintains $37.00
Oct 26, 2023 Keybanc Bradley Thomas Overweight Maintains $44.00
Oct 10, 2023 Jefferies Kyle Joseph Buy Maintains $42.00
Sep 11, 2023 Loop Capital Anthony Chukumba Hold Maintains $38.00
Jul 27, 2023 Keybanc Overweight Maintains $0.00
Jun 5, 2023 Loop Capital Anthony Chukumba Hold Downgrade $34.00

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The following stocks are similar to PROG based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

PROG Holdings, Inc. (PRG) Financial Data

PROG Holdings, Inc. has a market capitalization of $1.79B with a P/E ratio of 11.9x. The company generates $2.42B in trailing twelve-month revenue with a 6.5% profit margin.

Revenue growth is +4.0% quarter-over-quarter, while maintaining an operating margin of +15.5% and return on equity of +25.8%.

Valuation Metrics

Market Cap $1.79B
Enterprise Value $2.15B
P/E Ratio 11.9x
PEG Ratio 11.0x
Price/Sales 0.7x

Growth & Margins

Revenue Growth (YoY) +4.0%
Gross Margin N/A
Operating Margin +15.5%
Net Margin +6.5%
EPS Growth +139.8%

Financial Health

Cash/Price Ratio +12.2%
Current Ratio 5.0x
Debt/Equity 96.0x
ROE +25.8%
ROA +16.3%

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PROG Holdings, Inc. logo

PROG Holdings, Inc. (PRG) Company Overview

About PROG Holdings, Inc.

What They Do

Provides consumer payment solutions and credit options.

Business Model

The company operates through three segments: Progressive Leasing, Vive, and Four. It generates revenue by offering lease-to-own solutions, revolving credit products, and buy now pay later options, targeting consumers seeking flexible payment methods.

Additional Information

Founded in 1955 and based in Draper, Utah, PROG Holdings, Inc. was previously known as Aaron's Holdings Company, Inc. and rebranded in December 2020. The company focuses on innovative financial technology solutions to enhance consumer purchasing power.

Company Information

Sector

Industrials

Industry

Rental & Leasing Services

Employees

1,606

CEO

Mr. Steven A. Michaels

Country

United States

IPO Year

2012

PROG Holdings, Inc. (PRG) Latest News & Analysis

PRG stock latest news image
Quick Summary

PROG Holdings, Inc. (NYSE:PRG) will release its Q4 2024 financial results on February 19, 2025, before market open, followed by a live webcast at 8:30 A.M. ET.

Why It Matters

PROG Holdings' upcoming financial results release and webcast date can influence market sentiment and stock performance, offering insights into its financial health and growth prospects.

Source: Business Wire
Market Sentiment: Neutral
PRG stock latest news image
Quick Summary

PROG Holdings, Inc. (NYSE:PRG) appointed Robert Julian and Daniela Mielke to its Board of Directors, bringing expertise in consumer retail, e-commerce, and digital payments.

Why It Matters

The appointment of experienced leaders to PROG Holdings' board signals potential strategic growth and innovation, enhancing investor confidence in the company's future performance.

Source: Business Wire
Market Sentiment: Neutral
PRG stock latest news image
Quick Summary

PROG Holdings, Inc. (NYSE:PRG) announced a quarterly cash dividend of $0.12 per share, payable on December 3, 2024, to shareholders of record by November 19, 2024.

Why It Matters

The declaration of a quarterly cash dividend signals financial stability and profitability for PROG Holdings, enhancing investor confidence and potentially increasing demand for the stock.

Source: Business Wire
Market Sentiment: Neutral
PRG stock latest news image
Quick Summary

PROG Holdings, Inc. (NYSE: PRG) will hold its Q3 2024 earnings conference call on October 23, 2024, at 8:30 AM ET, featuring key executives and analysts from various firms.

Why It Matters

The upcoming earnings call for PROG Holdings will provide insights into the company's financial performance, strategies, and future outlook, which can impact stock valuation and investor sentiment.

Source: Seeking Alpha
Market Sentiment: Neutral
PRG stock latest news image
Quick Summary

PROG Holdings, Inc. (NYSE:PRG) reported Q3 2024 results with 11.6% GMV growth and a return to revenue growth in Progressive Leasing, indicating strong performance.

Why It Matters

The reported 11.6% GMV growth and revenue rebound in Progressive Leasing signal strong demand and operational effectiveness, potentially boosting investor confidence and stock performance.

Source: Business Wire
Market Sentiment: Neutral
PRG stock latest news image
Quick Summary

PROG Holdings (PRG) reported Q3 earnings of $0.77 per share, surpassing the Zacks Consensus Estimate of $0.76, but down from $0.90 per share a year earlier.

Why It Matters

PROG Holdings' earnings beat estimates, indicating strong performance, but a decline from last year's earnings may raise concerns about growth sustainability.

Source: Zacks Investment Research
Market Sentiment: Positive

Frequently Asked Questions About PRG Stock

What is PROG Holdings, Inc.'s (PRG) stock forecast for 2025?

Based on our analysis of 7 Wall Street analysts, PROG Holdings, Inc. (PRG) has a median price target of $55.00. The highest price target is $60.00 and the lowest is $48.00.

Is PRG stock a good investment in 2025?

According to current analyst ratings, PRG has 6 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $43.65. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for PRG stock?

Wall Street analysts predict PRG stock could reach $55.00 in the next 12 months. This represents a 26.0% increase from the current price of $43.65. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is PROG Holdings, Inc.'s business model?

The company operates through three segments: Progressive Leasing, Vive, and Four. It generates revenue by offering lease-to-own solutions, revolving credit products, and buy now pay later options, targeting consumers seeking flexible payment methods.

What is the highest forecasted price for PRG PROG Holdings, Inc.?

The highest price target for PRG is $60.00 from Kyle Joseph at Stephens & Co., which represents a 37.5% increase from the current price of $43.65.

What is the lowest forecasted price for PRG PROG Holdings, Inc.?

The lowest price target for PRG is $48.00 from Bobby Griffin at Raymond James, which represents a 10.0% increase from the current price of $43.65.

What is the overall PRG consensus from analysts for PROG Holdings, Inc.?

The overall analyst consensus for PRG is bullish. Out of 7 Wall Street analysts, 6 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $55.00.

How accurate are PRG stock price projections?

Stock price projections, including those for PROG Holdings, Inc., 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.