Progressive (PGR) Stock Forecast & Price Target

$215.68

+2.91 (+1.37%)

(As of 07/26/2024 ET)

Progressive - Analysts' Recommendations and Stock Price Forecast (2024)

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

Hold
Based on 17 Analyst Ratings

Based on 17 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 17 analysts, 1 has given a sell rating, 7 have given a hold rating, and 9 have given a buy rating for PGR.

Consensus Price Target

$222.94
3.36% Upside

High Forecast	$293.00
Average Forecast	$222.94
Low Forecast	$112.00

According to the 17 analysts' twelve-month price targets for Progressive, the average price target is $222.94. The highest price target for PGR is $293.00, while the lowest price target for PGR is $112.00. The average price target represents a forecasted upside of 3.36% from the current price of $215.68.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Hold	Hold	Hold
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)	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	7 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$222.94	$216.81	$211.88	$140.73
Forecasted Upside	3.36% Upside	8.28% Upside	7.08% Upside	9.40% Upside

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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	S&P 500
Consensus Rating Score	2.47	2.44	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	3.36% Upside	35.47% Upside	9.17% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/18/2024	BMO Capital Markets 3 of 5 stars		Boost Target	Outperform ➝ Outperform	$235.00 ➝ $239.00	+5.72%
7/17/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$256.00 ➝ $257.00	+16.11%
7/17/2024	Citigroup 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$232.00 ➝ $225.00	+1.65%
7/17/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$235.00 ➝ $235.00	+7.35%
7/17/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Shields Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$210.00 ➝ $245.00	+16.67%
7/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$276.00 ➝ $293.00	+39.52%
Get the Latest News and Ratings for PGR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Progressive and its competitors with MarketBeat's FREE daily newsletter.
7/11/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$210.00 ➝ $239.00	+13.14%
6/17/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$243.00 ➝ $254.00	+22.61%
6/10/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$256.00 ➝ $255.00	+19.98%
4/17/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$216.00 ➝ $218.00	+4.61%
4/1/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$240.00	+14.99%
3/28/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$174.00 ➝ $200.00	-3.21%
3/25/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$161.00 ➝ $216.00	+4.67%
1/10/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$174.00	+4.40%
12/12/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/20/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$111.00 ➝ $112.00	-30.01%
11/16/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
4/14/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$143.00	+4.09%
4/14/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$167.00 ➝ $163.00	+17.94%
2/15/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Fong Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
8/18/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Harry Fong Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$135.00 ➝ $150.00	+17.02%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:52 AM ET.

PGR Forecast - Frequently Asked Questions

What is Progressive's forecast for 2024?: According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Progressive is $222.94, with a high forecast of $293.00 and a low forecast of $112.00.
Should I buy or sell Progressive stock right now?: 17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Progressive in the last twelve months. There is currently 1 sell rating, 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities 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.
Does Progressive's stock price have much upside?: According to analysts, Progressive's stock has a predicted upside of 8.87% based on their 12-month stock forecasts.
Has Progressive been upgraded by Wall Street analysts recently?: Over the previous 90 days, Progressive's stock had 1 upgrade by analysts.
What analysts cover Progressive?: Progressive has been rated by research analysts at Bank of America, BMO Capital Markets, Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, Roth Mkm, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Progressive more than its competitors?: Analysts like Progressive more than other "finance" companies. The consensus rating score for Progressive is 2.47 while the average consensus rating score for "finance" companies is 2.44. Learn more on how PGR compares to other companies.