
Progressive (PGR) Stock Forecast & Price Target
Progressive (PGR) Analyst Ratings
Bulls say
Progressive has demonstrated significant growth in its agency channel, with an increase of nearly 18%, and its total personal auto policies in force grew 22% year-over-year in January, indicating strong demand for its products. The company’s combined ratio is projected to be ten points better than the overall industry average, showcasing its operational efficiency. Additionally, revised earnings estimates for 2025 and 2026 reflect a positive outlook, raising projections to $14.25 and $14.70 respectively, driven by improved retention and faster growth in policies in force.
Bears say
Progressive faces significant challenges that contribute to a negative outlook for its stock, particularly due to deteriorating auto insurance margins that have missed estimates. The company is exposed to various risks, including an increase in claim frequency and severity, potential regulatory issues, and macroeconomic factors that could further pressure its profitability. Additionally, a reliance on its Snapshot and Test Drive programs to generate new business and the need to grow its commercial insurance sector poses execution risks that could hinder future growth.
This aggregate rating is based on analysts' research of Progressive and is not a guaranteed prediction by Public.com or investment advice.
Progressive (PGR) Analyst Forecast & Price Prediction
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