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NYSE: PGR
Progressive Corp Stock Forecast, Predictions & Price Target

Analyst price target for PGR

Based on 15 analysts offering 12 month price targets for Progressive Corp.
Min Forecast
$112.00-46.68%
Avg Forecast
$215.60+2.63%
Max Forecast
$273.00+29.96%

Should I buy or sell PGR stock?

Based on 15 analysts offering ratings for Progressive Corp.
Buy
Strong Buy
7 analysts 46.67%
Buy
1 analysts 6.67%
Hold
6 analysts 40%
Sell
0 analysts 0%
Strong Sell
1 analysts 6.67%

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PGR stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-17
lockedlocked$00.00+00.00%2024-04-17
lockedlocked$00.00+00.00%2024-04-15
lockedlocked$00.00+00.00%2024-04-15
lockedlocked$00.00+00.00%2024-04-15
Wells Fargo
Top 2%
99
Strong BuyMaintains$238.00+13.30%2024-04-11
Keefe, Bruyette & Woods
Top 8%
93
HoldMaintains$200.00-4.79%2024-04-10
JP Morgan
Top 29%
72
Strong BuyMaintains$202.00-3.84%2024-04-08
Piper Sandler
Top 8%
93
Strong BuyMaintains$240.00+14.25%2024-04-01
HSBC
Top 42%
59
HoldMaintains$200.00-4.79%2024-03-28

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Forecast return on equity

Is PGR forecast to generate an efficient return?
Company
N/A
Industry
2.51%
Market
19.16%

Forecast return on assets

Is PGR forecast to generate an efficient return on assets?
Company
N/A
Industry
0.49%

PGR revenue forecast

What is PGR's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$72.8B+17.15%
Avg 2 year Forecast
$81.5B+31.28%
Avg 3 year Forecast
$89.8B+44.65%
PGR's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

PGR earnings growth forecast

How is PGR forecast to perform vs Insurance - Property & Casualty companies and vs the US market?
Company
13.86%
Industry
2.18%
Market
28.66%
PGR's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
PGR's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
PGR's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

PGR revenue growth forecast

How is PGR forecast to perform vs Insurance - Property & Casualty companies and vs the US market?
Company
14.49%
Industry
9.48%
Market
9.03%
PGR's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
PGR's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

PGR vs Property & Casualty Insurance Stocks

TickerPricePrice TargetUp/downsideConsensus
PGR$210.07$215.60+2.63%Buy
CB$245.96$270.29+9.89%Buy
TRV$213.99$228.19+6.63%Hold
ALL$172.34$179.33+4.06%Strong Buy
WRB$77.91$90.63+16.32%Buy

Progressive Stock Forecast FAQ

Is Progressive Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 15 Wall Street analysts covering (NYSE: PGR) stock is to Buy PGR stock.

Out of 15 analysts, 7 (46.67%) are recommending PGR as a Strong Buy, 1 (6.67%) are recommending PGR as a Buy, 6 (40%) are recommending PGR as a Hold, 0 (0%) are recommending PGR as a Sell, and 1 (6.67%) are recommending PGR as a Strong Sell.

If you're new to stock investing, here's how to buy Progressive stock.

What is PGR's revenue growth forecast for 2024-2026?

(NYSE: PGR) Progressive's forecast annual revenue growth rate of 14.49% is forecast to beat the US Insurance - Property & Casualty industry's average forecast revenue growth rate of 9.48%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.03%.

Progressive's revenue in 2024 is $62,108,500,000.On average, 6 Wall Street analysts forecast PGR's revenue for 2024 to be $42,613,498,705,384, with the lowest PGR revenue forecast at $42,052,754,702,382, and the highest PGR revenue forecast at $43,139,830,643,312. On average, 7 Wall Street analysts forecast PGR's revenue for 2025 to be $47,754,734,788,646, with the lowest PGR revenue forecast at $45,501,826,858,202, and the highest PGR revenue forecast at $49,013,004,252,304.

In 2026, PGR is forecast to generate $52,616,552,353,319 in revenue, with the lowest revenue forecast at $51,008,834,916,701 and the highest revenue forecast at $53,800,917,520,504.

What is PGR's forecast return on assets (ROA) for 2024-2026?

(NYSE: PGR) forecast ROA is N/A, which is lower than the forecast US Insurance - Property & Casualty industry average of 0.49%.

What is PGR's Price Target?

According to 15 Wall Street analysts that have issued a 1 year PGR price target, the average PGR price target is $215.60, with the highest PGR stock price forecast at $273.00 and the lowest PGR stock price forecast at $112.00.

On average, Wall Street analysts predict that Progressive's share price could reach $215.60 by Apr 17, 2025. The average Progressive stock price prediction forecasts a potential upside of 2.63% from the current PGR share price of $210.07.

What is PGR's forecast return on equity (ROE) for 2024-2026?

(NYSE: PGR) forecast ROE is N/A, which is considered weak.
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