Unveiling 13 Analyst Insights On Progressive
Portfolio Pulse from Benzinga Insights
In the last three months, 13 analysts have updated their ratings on Progressive (NYSE:PGR), showing a diverse range from bullish to bearish. The average 12-month price target is now $204.38, up 9.34% from the previous $186.92. Analysts from firms like HSBC, Goldman Sachs, and Morgan Stanley have raised their price targets, reflecting a positive outlook on Progressive's performance. The company has shown significant revenue growth of 25.41% as of December 31, 2023, but faces challenges with a below-average net margin of 11.71% and a high debt-to-equity ratio of 0.35.
March 28, 2024 | 7:00 pm
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Progressive has received positive analyst ratings with an increased average 12-month price target of $204.38, reflecting a 9.34% rise. The company's significant revenue growth and strong market presence are positive, but challenges in profitability and high debt could be concerns.
The positive revisions in analyst ratings and price targets indicate a bullish outlook for Progressive, suggesting potential short-term price appreciation. However, investors should be cautious of the company's below-average net margin and high debt-to-equity ratio, which could pose risks to profitability and financial stability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100