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Progressive Corp (NYSE:PGR)

122.79 USD -1.15 USD ( -0.93% )
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Progressive Corp
NYSE:PGR
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Wall Street
Price Targets

PGR Price Targets Summary
Progressive Corp

Wall Street analysts forecast PGR stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for PGR is 121.13 USD with a low forecast of 92.92 USD and a high forecast of 162.75 USD.

Lowest
Price Target
92.92 USD
24% Downside
Average
Price Target
121.13 USD
1% Downside
Highest
Price Target
162.75 USD
33% Upside

PGR Last Price Targets
Progressive Corp

The latest public price target was made on Aug 29, 2022 by Gregory Peters from Raymond James , who expects PGR stock to rise by 14% over the next 12 months. You can read more about this price target by viewing the article on TheFly .

Analyst Price Target Date Article
Gregory Peters
Raymond James
140 USD
Upside 14%
1 month before
Aug 29, 2022
Progressive price target raised to $140 from $135 at Raymond James
TheFly
Unknown Analyst
Morgan Stanley
130 USD
Upside 6%
1 month before
Aug 19, 2022
Morgan Stanley Maintains Equal-Weight on Progressive, Raises Price Target to $130
Benzinga
Unknown Analyst
Barclays
106 USD
Downside 14%
1 month before
Aug 18, 2022
Barclays Maintains Underweight on Progressive, Raises Price Target to $106
Benzinga
Unknown Analyst
Morgan Stanley
121 USD
Downside 1%
2 months before
Jul 18, 2022
Morgan Stanley Maintains Equal-Weight on Progressive, Raises Price Target to $121
Benzinga
Unknown Analyst
MKM Partners
135 USD
Upside 10%
2 months before
Jul 18, 2022
MKM Partners Maintains Buy on Progressive, Raises Price Target to $135
Benzinga
Andrew Kligerman
Credit Suisse
124 USD
Upside 1%
5 months before
Apr 28, 2022
Progressive initiated with a Neutral at Credit Suisse
TheFly
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Gregory Peters
Raymond James
Price Target 140 USD
Upside/Downside 14%
View Source
Unknown Analyst
Morgan Stanley
Price Target 130 USD
Upside/Downside 6%
View Source
Unknown Analyst
Barclays
Price Target 106 USD
Upside/Downside 14%
View Source
Unknown Analyst
Morgan Stanley
Price Target 121 USD
Upside/Downside 1%
View Source
Unknown Analyst
MKM Partners
Price Target 135 USD
Upside/Downside 10%
View Source
Andrew Kligerman
Credit Suisse
Price Target 124 USD
Upside/Downside 1%
View Source
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Progressive Corp Competitors:
Price Targets
MILE
Metromile Inc
5% Downside
WRB
W R Berkley Corp
16% Upside
PGH
Personal Group Holdings PLC
68% Upside
TRV
Travelers Companies Inc
11% Upside
AFG
American Financial Group Inc
25% Upside
FFH
Fairfax Financial Holdings Ltd
46% Upside
SUN
Suncorp Group Ltd
33% Upside
SIGI
Selective Insurance Group Inc
4% Upside

Revenue
Forecast

PGR Revenue Forecast
Wall Street Forecast

Progressive Corp's Revenue forecast for three years ahead made by Wall Street analysts. Revenue is forecast to grow at a rate of 8% per year.

Year Avg Range
2024
By 11 analysts
60.6B USD
+6%
54.5B - 68.2B USD
2023
By 15 analysts
57B USD
+11%
52.2B - 62.2B USD
2022
By 15 analysts
51.4B USD
+8%
49.5B - 53.9B USD
CAGR:
Forecast
8%
3-Year CAGR: 8%
2022
By 15 analysts
+8%
Average: 51.4B USD
Range: 49.5B - 53.9B USD
2023
By 15 analysts
+11%
Average: 57B USD
Range: 52.2B - 62.2B USD
2024
By 11 analysts
+6%
Average: 60.6B USD
Range: 54.5B - 68.2B USD

Net Income
Forecast

PGR Net Income Forecast
Wall Street Forecast

Progressive Corp's Net Income forecast for three years ahead made by Wall Street analysts. Net Income is forecast to grow at a rate of 9% per year.

Year Avg Range
2024
By 14 analysts
4.4B USD
+20%
3.7B - 5.4B USD
2023
By 21 analysts
3.7B USD
+26%
2.4B - 4.7B USD
2022
By 21 analysts
2.9B USD
-13%
2.1B - 3.4B USD
CAGR:
Forecast
9%
3-Year CAGR: 9%
2022
By 21 analysts
-13%
Average: 2.9B USD
Range: 2.1B - 3.4B USD
2023
By 21 analysts
+26%
Average: 3.7B USD
Range: 2.4B - 4.7B USD
2024
By 14 analysts
+20%
Average: 4.4B USD
Range: 3.7B - 5.4B USD

See Also

Other Stocks
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is PGR's stock price target?

According to Wall Street analysts, the average 1-year price target for PGR is 121.13 USD with a low forecast of 92.92 USD and a high forecast of 162.75 USD.