16 Analysts Have This To Say About Progressive
Portfolio Pulse from Benzinga Insights
16 analysts have provided diverse ratings for Progressive (NYSE:PGR) over the last three months, with an average 12-month price target of $158.75, up from the previous $141.00. Analysts' actions include maintaining, raising, and setting price targets, reflecting changes in market dynamics and company performance. Progressive is a major auto insurer in the U.S., with strong market capitalization, revenue growth, and ROE, but faces challenges with net margin and debt management.
December 28, 2023 | 12:00 pm
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Progressive has received varied analyst ratings with an increased average price target of $158.75. The company shows strong revenue growth and ROE, but has challenges in net margin and debt management.
The increase in the average price target to $158.75 from $141.00 suggests a positive outlook from analysts, which could lead to short-term bullish sentiment among investors. The company's strong revenue growth and ROE are likely to be viewed favorably, while concerns about net margin and debt management may temper optimism. The direct mention of Progressive and detailed analyst ratings indicate a high relevance and importance of this news for PGR.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100