The Analyst Verdict: Progressive In The Eyes Of 20 Experts
Portfolio Pulse from Benzinga Insights
Over the past three months, 20 analysts have evaluated Progressive (NYSE:PGR), with a mix of bullish and bearish opinions. The average 12-month price target has increased by 5.36% to $233.5. Recent analyst actions include both raises and lowers in ratings and price targets, reflecting varied sentiments. Progressive has shown strong revenue growth and return on equity but faces challenges with net margin and debt management.
June 10, 2024 | 12:01 pm
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POSITIVE IMPACT
Progressive (NYSE:PGR) has received mixed analyst ratings over the past three months, with an average 12-month price target increase of 5.36% to $233.5. The company shows strong revenue growth and return on equity but faces challenges with net margin and debt management.
The increase in the average price target and the majority of analysts raising their ratings suggest a positive short-term outlook for Progressive. However, challenges in net margin and debt management may temper this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100