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Progressive (PGR) Stock Forecast & Price Target

Progressive logo
$278.78 +2.47 (+0.89%)
As of 03:41 PM Eastern

Progressive - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
7
Buy
11

Based on 18 Wall Street analysts who have issued ratings for Progressive in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 7 have given a hold rating, and 11 have given a buy rating for PGR.

Consensus Price Target

$287.41
3.10% Upside
According to the 18 analysts' twelve-month price targets for Progressive, the average price target is $287.41. The highest price target for PGR is $324.00, while the lowest price target for PGR is $225.00. The average price target represents a forecasted upside of 3.10% from the current price of $278.78.
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PGR Analyst Ratings Over Time

TypeCurrent Forecast
4/30/24 to 4/30/25
1 Month Ago
3/31/24 to 3/31/25
3 Months Ago
1/31/24 to 1/30/25
1 Year Ago
5/1/23 to 4/30/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
12 Buy rating(s)
12 Buy rating(s)
8 Buy rating(s)
Hold
7 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$287.41$281.06$275.29$211.88
Forecasted Upside3.10% Upside-0.84% Downside10.47% Upside1.74% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold

PGR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PGR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Progressive Stock vs. The Competition

TypeProgressiveFinance CompaniesS&P 500
Consensus Rating Score
2.61
2.53
2.54
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside4.00% Upside30.39% Upside20.06% Upside
News Sentiment Rating
Positive News

See Recent PGR News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/29/2025Morgan Stanley
3 of 5 stars
Bob Huang
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Boost TargetOverweight ➝ Overweight$310.00 ➝ $320.00+18.69%
4/28/2025Bank of America
3 of 5 stars
 UpgradeNeutral ➝ Buy$312.00+17.69%
4/17/2025Wells Fargo & Company
3 of 5 stars
Elyse Greenspan
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Boost TargetOverweight ➝ Overweight$320.00 ➝ $324.00+20.56%
4/17/2025BMO Capital Markets
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Michael Zaremski
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Boost TargetOutperform ➝ Outperform$282.00 ➝ $288.00+7.02%
4/17/2025Keefe, Bruyette & Woods
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Meyer Shields
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Reiterated RatingOutperform ➝ Market Perform$288.00 ➝ $288.00+4.42%
4/11/2025Barclays
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Alex Scott
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Boost TargetEqual Weight ➝ Equal Weight$285.00 ➝ $297.00+7.70%
4/11/2025Jefferies Financial Group
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Yaron Kinar
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Lower TargetBuy ➝ Buy$327.00 ➝ $319.00+15.61%
4/8/2025JPMorgan Chase & Co.
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Jimmy Bhullar
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Boost TargetOverweight ➝ Overweight$267.00 ➝ $287.00+7.79%
3/14/2025UBS Group
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Brian Meredith
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Boost TargetNeutral ➝ Neutral$275.00 ➝ $285.00+0.88%
2/25/2025Roth Mkm
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Harry Fong
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Boost TargetBuy ➝ Buy$290.00 ➝ $315.00+13.85%
12/26/2024Raymond James
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C. Peters
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UpgradeMarket Perform ➝ Outperform$305.00+25.39%
12/10/2024Hsbc Global Res
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V. Gandhi
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DowngradeStrong-Buy ➝ Hold
12/10/2024HSBC
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 DowngradeBuy ➝ Hold$267.00+7.72%
11/8/2024TD Cowen
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 Boost TargetHold ➝ Hold$197.00 ➝ $237.00-9.48%
11/6/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$277.00 ➝ $285.00+12.02%
9/18/2024The Goldman Sachs Group
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R. Cox
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Boost TargetBuy ➝ Buy$262.00 ➝ $280.00+8.99%
8/15/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$250.00 ➝ $252.00+7.64%
7/17/2024Citigroup
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 Lower TargetNeutral ➝ Neutral$232.00 ➝ $225.00+1.65%
11/16/2023Oppenheimer
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 Initiated CoverageMarket Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:59 PM ET.


Should I Buy Progressive Stock? PGR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 23, 2025. Please send any questions or comments about these Progressive pros and cons to contact@marketbeat.com.

Progressive
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in The Progressive Co.:

  • The current stock price is around $265, reflecting a recent increase of 3.0%, which may indicate positive market sentiment.
  • Analysts have a consensus rating of "Moderate Buy" for the stock, suggesting that many believe it has strong potential for growth.
  • Recent target price upgrades from major financial institutions, including an increase to $297 by Bank of America, indicate confidence in the company's future performance.
  • The Progressive Co. has a solid market capitalization of approximately $155.50 billion, which signifies its stability and ability to weather market fluctuations.
  • Insider trading activity shows that executives are actively managing their shares, with recent sales indicating a strategic approach to stock ownership.

Progressive
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in The Progressive Co. for these reasons:

  • Insider sales have totaled over 56,000 shares recently, which could signal a lack of confidence among executives regarding the stock's short-term performance.
  • The company's debt-to-equity ratio is relatively low at 0.27, which may suggest limited leverage for growth opportunities compared to competitors.
  • Despite a strong market cap, the stock has experienced fluctuations, with a 52-week low of $201.34, indicating potential volatility.
  • Recent downgrades from some analysts, such as a shift from "buy" to "hold," may reflect concerns about the stock's near-term prospects.
  • The current price-to-earnings ratio of 18.42 suggests that the stock may be overvalued compared to its earnings, which could deter value-focused investors.

PGR Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Progressive is $287.41, with a high forecast of $324.00 and a low forecast of $225.00.

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last twelve months. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PGR shares.

According to analysts, Progressive's stock has a predicted upside of 3.10% based on their 12-month stock forecasts.

Over the previous 90 days, Progressive's stock had 1 upgrade and 1 downgrade by analysts.

Analysts like Progressive more than other "finance" companies. The consensus rating score for Progressive is 2.61 while the average consensus rating score for "finance" companies is 2.53. Learn more on how PGR compares to other companies.


This page (NYSE:PGR) was last updated on 4/30/2025 by MarketBeat.com Staff
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