A Glimpse Into The Expert Outlook On Progressive Through 11 Analysts
Portfolio Pulse from Benzinga Insights
Progressive (NYSE:PGR) has been evaluated by 11 analysts over the last three months, with a mix of bullish to bearish sentiments. The average 12-month price target for PGR is now $169.09, up 10.6% from the previous target. Analysts from firms like Piper Sandler, UBS, and Wells Fargo have raised their price targets, reflecting a positive outlook. Progressive is a major auto insurer with significant market cap and revenue growth, but faces challenges with net margin and debt management. Its ROE and ROA outperform industry averages.
January 25, 2024 | 2:00 pm
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Progressive has received updated analyst ratings and price targets, with an average 12-month price target of $169.09, indicating a positive sentiment among analysts.
The increase in the average price target and positive ratings from analysts suggest a favorable outlook for Progressive, which could lead to a short-term increase in the stock price. Analyst ratings are influential in shaping market sentiment and can impact investor behavior.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100