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

Analyst price target for PGR

Based on 13 analysts offering 12 month price targets for Progressive Corp.
Min Forecast
$200.00-8.82%
Avg Forecast
$239.92+9.38%
Max Forecast
$296.00+34.94%

Should I buy or sell PGR stock?

Based on 13 analysts offering ratings for Progressive Corp.
Strong Buy
Strong Buy
7 analysts 53.85%
Buy
2 analysts 15.38%
Hold
4 analysts 30.77%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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PGR stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-07-18
lockedlocked$00.00+00.00%2024-07-18
lockedlocked$00.00+00.00%2024-07-17
lockedlocked$00.00+00.00%2024-07-17
lockedlocked$00.00+00.00%2024-07-17
Keefe, Bruyette & Woods
Top 6%
95
BuyUpgrades$245.00+11.69%2024-07-17
JP Morgan
Top 29%
72
Strong BuyMaintains$239.00+8.96%2024-07-11
Wells Fargo
Top 2%
99
Strong BuyMaintains$254.00+15.80%2024-06-17
Morgan Stanley
Top 42%
59
Strong BuyMaintains$255.00+16.25%2024-06-10
UBS
Top 6%
95
HoldMaintains$218.00-0.62%2024-04-17

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Forecast return on equity

Is PGR forecast to generate an efficient return?
Company
35.68%
Industry
25.67%
Market
62.08%
PGR's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is PGR forecast to generate an efficient return on assets?
Company
8.27%
Industry
5.51%
PGR is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

PGR earnings per share forecast

What is PGR's earnings per share in the next 3 years based on estimates from 12 analysts?
Avg 1 year Forecast
$12.01+22.5%
Avg 2 year Forecast
$12.62+28.76%
Avg 3 year Forecast
$13.29+35.59%
PGR's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

PGR revenue forecast

What is PGR's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$73.8B+13.4%
Avg 2 year Forecast
$83.6B+28.59%
Avg 3 year Forecast
$91.4B+40.56%
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
13.54%
Industry
13.5%
Market
20.45%
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
12.98%
Industry
8.29%
Market
10.57%
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$219.35$239.92+9.38%Strong Buy
CB$259.88$272.53+4.87%Buy
TRV$203.48$227.41+11.76%Hold
ALL$174.38$187.46+7.50%Strong Buy
MKL$1,573.40$1,703.67+8.28%Buy

Progressive Stock Forecast FAQ

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

The consensus among 13 Wall Street analysts covering (NYSE: PGR) stock is to Strong Buy PGR stock.

Out of 13 analysts, 7 (53.85%) are recommending PGR as a Strong Buy, 2 (15.38%) are recommending PGR as a Buy, 4 (30.77%) are recommending PGR as a Hold, 0 (0%) are recommending PGR as a Sell, and 0 (0%) 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 earnings growth forecast for 2024-2026?

(NYSE: PGR) Progressive's forecast annual earnings growth rate of 13.54% is forecast to beat the US Insurance - Property & Casualty industry's average forecast earnings growth rate of 13.5%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.45%.

Progressive's earnings in 2024 is $5,738,600,000.On average, 12 Wall Street analysts forecast PGR's earnings for 2024 to be $7,031,309,136, with the lowest PGR earnings forecast at $6,372,398,451, and the highest PGR earnings forecast at $8,053,352,821. On average, 12 Wall Street analysts forecast PGR's earnings for 2025 to be $7,390,517,957, with the lowest PGR earnings forecast at $6,577,392,886, and the highest PGR earnings forecast at $9,488,313,869.

In 2026, PGR is forecast to generate $7,782,760,166 in earnings, with the lowest earnings forecast at $7,139,663,338 and the highest earnings forecast at $8,521,911,531.

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

(NYSE: PGR) Progressive's forecast annual revenue growth rate of 12.98% is forecast to beat the US Insurance - Property & Casualty industry's average forecast revenue growth rate of 8.29%, and it is also forecast to beat the US market's average forecast revenue growth rate of 10.57%.

Progressive's revenue in 2024 is $65,047,800,000.On average, 7 Wall Street analysts forecast PGR's revenue for 2024 to be $43,205,245,712,939, with the lowest PGR revenue forecast at $42,122,801,295,766, and the highest PGR revenue forecast at $43,934,993,104,031. On average, 7 Wall Street analysts forecast PGR's revenue for 2025 to be $48,991,699,783,176, with the lowest PGR revenue forecast at $47,268,460,331,738, and the highest PGR revenue forecast at $51,686,125,557,589.

In 2026, PGR is forecast to generate $53,552,820,114,955 in revenue, with the lowest revenue forecast at $50,624,283,666,877 and the highest revenue forecast at $56,898,255,503,502.

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

(NYSE: PGR) forecast ROA is 8.27%, which is higher than the forecast US Insurance - Property & Casualty industry average of 5.51%.

What is PGR's Price Target?

According to 13 Wall Street analysts that have issued a 1 year PGR price target, the average PGR price target is $239.92, with the highest PGR stock price forecast at $296.00 and the lowest PGR stock price forecast at $200.00.

On average, Wall Street analysts predict that Progressive's share price could reach $239.92 by Jul 18, 2025. The average Progressive stock price prediction forecasts a potential upside of 9.38% from the current PGR share price of $219.35.

What is PGR's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: PGR) Progressive's current Earnings Per Share (EPS) is $9.80. On average, analysts forecast that PGR's EPS will be $12.01 for 2024, with the lowest EPS forecast at $10.88, and the highest EPS forecast at $13.75. On average, analysts forecast that PGR's EPS will be $12.62 for 2025, with the lowest EPS forecast at $11.23, and the highest EPS forecast at $16.20. In 2026, PGR's EPS is forecast to hit $13.29 (min: $12.19, max: $14.55).

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

(NYSE: PGR) forecast ROE is 35.68%, which is considered strong.
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