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Progressive Corp has a consensus price target of $256.33 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 BMO Capital, Wells Fargo, and Morgan Stanley on December 16, 2024, December 16, 2024, and December 13, 2024, respectively. With an average price target of $293 between BMO Capital, Wells Fargo, and Morgan Stanley, there's an implied 22.10% 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 BMO Capital on December 16, 2024. The analyst firm set a price target for $267.00 expecting PGR to rise to within 12 months (a possible 11.26% upside). 70 analyst firms have reported ratings in the last year.
The latest analyst rating for Progressive (NYSE:PGR) was provided by BMO Capital, and Progressive maintained their outperform rating.
The last upgrade for Progressive Corp happened on August 15, 2024 when Goldman Sachs raised their price target to $262. Goldman Sachs previously had a neutral 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 December 16, 2024 so you should expect the next rating to be made available sometime around December 16, 2025.
While ratings are subjective and will change, the latest Progressive (PGR) rating was a maintained with a price target of $273.00 to $267.00. The current price Progressive (PGR) is trading at is $239.97, which is out of the analyst’s predicted range.
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