€193.86
1.78% day before yesterday
L&S, Jun 28, 10:52 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 Target price

Target price $234.35
Course $207.71
Price 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 share 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 share has an average upside potential 2025 of . Most analysts recommend the Progressive share at Purchase.

Sales and margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Forecast
Turnover Billion $ 62.08 72.88
25.20% 17.39%
Net margin 6.21% 8.98%
345.39% 44.66%

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 turnover 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 figures:

Sales forecast

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
14.31% 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 figures and future net margins:

Net profit forecast

2023 $3.9b 457.63%
2024
$6.5b 69.73%
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2025
$7.1b 8.34%
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2026
$7.5b 5.50%
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Net margin

2023 6.21% 345.39%
2024
8.98% 44.66%
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2025
8.52% 5.12%
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2026
8.07% 5.28%
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Earnings per share, P/E ratio and EV/sales forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Forecast
Earnings per share $ 6.58 11.17
457.63% 69.76%
P/E ratio 18.60
EV/Sales 1.76

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

$11.17
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. This is
14.33% 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 figures and future valuations:

Earnings per share

2023 $6.58 457.63%
2024
$11.17 69.76%
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2025
$12.10 8.33%
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2026
$12.77 5.54%
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P/E ratio

Current 21.26 77.23%
2024
18.60 12.51%
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2025
17.17 7.69%
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2026
16.27 5.24%
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Based on analysts' sales estimates for 2024, the Progressive share 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 figures and future valuations:

EV/Sales

Current 1.97 21.60%
2024
1.76 10.58%
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2025
1.54 12.35%
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2026
1.39 10.24%
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P/S ratio

Current 1.87 25.30%
2024
1.67 10.77%
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2025
1.46 12.35%
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2026
1.31 10.24%
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