Progressive (PGR) Stock Forecast & Price Target

$218.46 +4.71 (+2.20%)

Closing price 10/16/2026 03:59 PM Eastern

Extended Trading

$216.45 -2.01 (-0.92%)

As of 10/16/2026 07:59 PM Eastern

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Progressive - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 23 Analyst Ratings

Sell
2

Hold
12

Buy
9

Based on 23 Wall Street analysts who have issued ratings for Progressive in the last 12 months, the stock has a consensus rating of "Hold." Out of the 23 analysts, 2 have given a sell rating, 12 have given a hold rating, and 9 have given a buy rating for PGR.

Consensus Price Target

$234.25
7.23% Upside

According to the 23 analysts' twelve-month price targets for Progressive, the average price target is $234.25. The highest price target for PGR is $314.00, while the lowest price target for PGR is $196.00. The average price target represents a forecasted upside of 7.23% from the current price of $218.46.

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.

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PGR Analyst Ratings Over Time

Type	Current Forecast 10/18/25 to 10/18/26	1 Month Ago 9/18/25 to 9/18/26	3 Months Ago 7/20/25 to 7/20/26	1 Year Ago 10/18/24 to 10/18/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	12 Hold rating(s)	14 Hold rating(s)	14 Hold rating(s)	12 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$234.25	$236.80	$236.68	$275.38
Forecasted Upside	7.23% Upside	11.09% Upside	11.60% Upside	22.08% Upside
Consensus Rating	Hold	Hold	Hold	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.

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.

Progressive Stock vs. The Competition

Type	Progressive	Finance Companies	Broader Market
Consensus Rating Score	2.30	2.28	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	7.23% Upside	39.55% Upside	18.02% Upside
News Sentiment Rating	Positive News See Recent PGR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/16/2026	Raymond James Financial 3 of 5 stars	Gregory Peters Not Rated	Reiterated Rating	Outperform
10/15/2026	BMO Capital Markets 3 of 5 stars	Michael Zaremski 2 of 5 stars	Reiterated Rating	Market Perform
10/15/2026	Keefe, Bruyette & Woods 3 of 5 stars	Meyer Shields 3 of 5 stars	Lower Target	Outperform	$252.00 ➝ $246.00	+15.26%
10/15/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Elyse Greenspan Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Underweight	$201.00 ➝ $196.00	-8.17%
10/8/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold (C+) ➝ Buy (B-)
10/7/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Alex Scott Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$246.00 ➝ $247.00	+16.40%
10/7/2026	HSBC Subscribe to MarketBeat All Access to unlock brokerage rankings	Vikram Gandhi Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Hold	$221.00 ➝ $216.00	+1.79%
10/5/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Pablo Singzon Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$241.00 ➝ $250.00	+18.51%
10/1/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Alex Scott Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$233.00 ➝ $235.00	+7.68%
10/1/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Joshua Shanker Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target		$302.00 ➝ $314.00	+43.88%
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9/21/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Brian Meredith Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Neutral
9/16/2026	Mizuho Subscribe to MarketBeat All Access to unlock brokerage rankings	Yaron Kinar Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$236.00 ➝ $230.00	+3.99%
8/20/2026	Roth Capital Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy	$235.00 ➝ $245.00	+12.76%
8/20/2026	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Overweight	$241.00 ➝ $242.00	+10.89%
8/19/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Andrew Andersen Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Hold	$213.00 ➝ $228.00	+5.49%
8/17/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access to unlock brokerage rankings	Ryan Tunis Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$220.00 ➝ $200.00	-4.53%
7/29/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Hold	$266.00 ➝ $222.00	+1.74%
7/24/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Bob Huang Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Underweight ➝ Equal Weight	$190.00 ➝ $210.00	+1.42%
7/15/2026	William Blair Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Market Perform
7/10/2026	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$230.00 ➝ $240.00	+4.63%
5/22/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$208.00	+4.88%
3/5/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold
2/24/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong Sell ➝ Hold
2/3/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Matthew Heimermann Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$300.60 ➝ $261.00	+29.77%
9/15/2025	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Tracy Benguigui Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Outperform ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:10 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 Friday, October 16, 2026. Please send any questions or comments about these Progressive pros and cons to contact@marketbeat.com.

Progressive
Bull Case

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

The company demonstrated strong core underwriting performance in the most recent quarter, with the combined ratio improving to 88.7 from 89.5 a year earlier, indicating that the cost of acquiring and servicing policies is decreasing relative to premiums collected, which directly boosts profitability.
Revenue reached $23.19 billion, exceeding the analyst estimate of $22.61 billion, while net premiums written rose 4% year over year to $22.30 billion, showing that the company is successfully growing its top line and expanding its policy base to 40.489 million policies in force.
The stock is currently trading at $218.46, which is below the consensus price target of $234.95, suggesting potential upside for investors as the market may be overreacting to short-term earnings fluctuations despite the company's solid fundamental performance.
Progressive reported a return on equity of 32.92% and a net margin of 12.84% in the latest quarter, metrics that reflect efficient capital management and strong profit generation relative to the company's size and revenue base.
September's monthly combined ratio improved substantially to 90.0 from 100.4 a year earlier, signaling a significant recent acceleration in underwriting efficiency that could drive stronger results in the coming months as the company continues to refine its pricing models.

Progressive
Bear Case

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

Quarterly net income fell to $2.542 billion from $2.615 billion a year earlier, and pretax net realized investment losses totaled $170 million, indicating that investment portfolio performance is currently dragging down overall earnings despite strong underwriting.
Insider activity has been exclusively negative, with 15 open-market sales and no purchases over the past six months, including significant sales by senior executives such as the CEO and CFO, which may signal a lack of confidence in near-term stock appreciation from those closest to the company.
Net premiums earned of $21.87 billion reportedly fell short of expectations, and policies in force rose less than expected, suggesting that while the company is profitable, the pace of new business growth may be slowing or facing competitive headwinds.
Analyst sentiment remains mixed with a consensus rating of "Hold," and some firms like Wells Fargo have issued Sell ratings, while others have lowered price targets, reflecting uncertainty about the sustainability of earnings growth and the company's valuation relative to peers.
The stock experienced a significant gap down prior to trading on Wednesday, falling from a previous close of $222.88 to an open of $206.97, indicating heightened volatility and potential for further downside if investor sentiment remains cautious about the company's recent results.

PGR Forecast - Frequently Asked Questions

According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Progressive is $234.25, with a high forecast of $314.00 and a low forecast of $196.00.

23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last year. There are currently 2 sell ratings, 12 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PGR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PGR, but not buy additional shares or sell existing shares.

According to analysts, Progressive's stock has a predicted upside of 7.23% based on their 12-month stock forecasts.

Over the previous 90 days, Progressive's stock had 4 upgrades by analysts.

Progressive has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Cantor Fitzgerald, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Mizuho, Morgan Stanley, Piper Sandler, Raymond James Financial, Roth Capital, TD Cowen, The Goldman Sachs Group, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Progressive more than other "finance" companies. The consensus rating score for Progressive is 2.30 while the average consensus rating score for "finance" companies is 2.28. Learn more on how PGR compares to other companies.

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MarketBeat monitors more than a dozen sources for Progressive analyst ratings, with the most recent rating issued on 10/16/2026.

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Progressive (PGR) Stock Forecast & Price Target