€193.92
0.30% yesterday
L&S, Jul 05, 10:54 pm CET
ISIN
US7433151039
Symbol
PGR
Sector
Industry

Progressive Target price 2024 - Analyst rating & recommendation

Progressive Classifications & Recommendation:

Buy
54%
Hold
42%
Sell
4%

Progressive Price Target

Target Price $234.35
Price $210.18
Potential
Number of Estimates 17
17 Analysts have issued a price target Progressive 2025 . The average Progressive target price is $234.35. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 24 analysts: 13 Analysts recommend Progressive to buy, 10 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Progressive stock has an average upside potential 2025 of . Most analysts recommend the Progressive stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 62.08 72.88
25.20% 17.39%
Net Margin 6.21% 8.97%
345.39% 44.50%

14 Analysts have issued a sales forecast Progressive 2024 . The average Progressive sales estimate is

$72.9b
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. This is
12.08% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$76.0b 16.84%
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, the lowest is
$69.9b 7.48%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $62.1b 25.20%
2024
$72.9b 17.39%
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2025
$83.1b 14.09%
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2026
$92.6b 11.41%
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11 Progressive Analysts have issued a net profit forecast 2024. The average Progressive net profit estimate is

$6.5b
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. This is
14.23% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$7.0b 22.62%
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, the lowest is
$6.2b 8.59%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $3.9b 457.63%
2024
$6.5b 69.61%
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2025
$7.1b 8.42%
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2026
$7.5b 5.50%
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Net Margin

2023 6.21% 345.39%
2024
8.97% 44.50%
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2025
8.52% 5.02%
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2026
8.07% 5.28%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 6.58 11.16
457.63% 69.60%
P/E 18.83
EV/Sales 1.78

11 Analysts have issued a Progressive forecast for earnings per share. The average Progressive <a href=/blog/eps>EPS is

$11.16
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. This is
14.23% higher
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than earnings per share in the financial year 2023. The highest <a href=/blog/eps>EPS forecast is
$11.98 22.62%
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, the lowest is
$10.61 8.60%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $6.58 457.63%
2024
$11.16 69.60%
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2025
$12.10 8.42%
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2026
$12.77 5.54%
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P/E ratio

Current 21.51 76.96%
2024
18.83 12.46%
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2025
17.37 7.75%
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2026
16.47 5.18%
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Based on analysts' sales estimates for 2024, the Progressive stock is valued at an <a href=/blog/ev-sales-einfach-erklaert>EV/Sales of

and an <a href=/blog/kurs-umsatz-verhaeltnis-kuv-einfach-erklaert>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.00 23.46%
2024
1.78 10.93%
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2025
1.56 12.34%
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2026
1.40 10.24%
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P/S ratio

Current 1.89 27.18%
2024
1.69 10.78%
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2025
1.48 12.34%
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2026
1.33 10.25%
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