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Progressive Corp has a consensus price target of $258 based on the ratings of 19 analysts. The high is $335 issued by B of A Securities on November 18, 2024. The low is $112 issued by Barclays on November 20, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, Keefe, Bruyette & Woods, and Barclays on January 21, 2025, January 10, 2025, and January 6, 2025, respectively. With an average price target of $285 between Morgan Stanley, Keefe, Bruyette & Woods, and Barclays, there's an implied 18.71% upside for Progressive Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Progressive (NYSE:PGR) was reported by Morgan Stanley on January 21, 2025. The analyst firm set a price target for $300.00 expecting PGR to rise to within 12 months (a possible 24.95% upside). 72 analyst firms have reported ratings in the last year.
The latest analyst rating for Progressive (NYSE:PGR) was provided by Morgan Stanley, and Progressive maintained their overweight rating.
The last upgrade for Progressive Corp happened on December 26, 2024 when Raymond James raised their price target to $305. Raymond James previously had a market perform for Progressive Corp.
The last downgrade for Progressive Corp happened on December 12, 2023 when Raymond James changed their price target from N/A to N/A for Progressive Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Progressive, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Progressive was filed on January 21, 2025 so you should expect the next rating to be made available sometime around January 21, 2026.
While ratings are subjective and will change, the latest Progressive (PGR) rating was a maintained with a price target of $310.00 to $300.00. The current price Progressive (PGR) is trading at is $240.09, which is out of the analyst’s predicted range.
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