PGR Price Prediction Next Week
Technical Analysis: Based on recent price action, PGR shows a bullish trend with increasing support levels. The stock closed at $266.19 on February 21, 2025, with notable trading volume of 2.57M shares.
Key Technical Indicators:
- Current price ($266.19) is trading above both 20-day and 50-day moving averages
- Volume patterns suggest accumulation phase
- RSI indicates room for further upside without being overbought
News Sentiment Analysis:
- Recent institutional activity shows mixed signals - PGR was eliminated from Goldman Sachs' shared favorites list in Q4 2024
- However, mutual funds have increased exposure to insurance sector stocks, which is positive for PGR
Price Prediction for Next Week: Based on technical patterns and news sentiment:
- Support level: $264
- Resistance level: $272
- Target price range: $268-$270
Trading Recommendation: BUY with the following parameters:
- Entry point: Current price ($266.19)
- Target: $270 (+1.43%)
- Stop loss: $263 (-1.20%)
- Risk/Reward ratio: 1:1.19
Rationale:
- Strong technical setup with clear support levels
- Positive sector sentiment from institutional investors
- Low downside risk with defined support levels
- Momentum indicators suggest continued upward movement
The stock shows potential for a short-term upward move based on technical strength and institutional support in the insurance sector.
PGR Similar Chart Price Prediction
The price of PGR is predicted to go up 3.3%, based on the high correlation periods with ICFI. The similarity of these two price pattern on the periods is 98.12%.
PGR
ICFI
Up: 3.3%Similarity: 98.12%
PGR Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
PGR Price Forecast($)
Potential Return(%)
2025
284.000
17.250
2026
290.000
17.680
2027
310.000
25.790
2028
320.000
29.850
2029
320.000
29.850
2030
350.000
42.020
What is PGR stock price prediction 2025 ?
What is PGR stock price prediction 2026 ?
What is PGR stock price prediction 2027 ?
What is PGR stock price prediction 2028 ?
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What is PGR stock price prediction 2030 ?
PGR Revenue Forecast
PGR EPS Forecast
PGR FAQs
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PGR VS S&P500
Progressive has consistently outperformed peers in terms of underwriting margins.
Progressive's management has proved itself adroit at managing the pricing cycle.
New concepts such as concierge claims service and Snapshot discounts will help the company manage costs while delivering a superior experience to policyholders.
PGR Analyst's Forecast
Bob Huang
Morgan Stanley
Buy
2025-01-31
Price Target
$300 → $307
Upside
+24.57%
Morgan Stanley lowered the firm's price target on Progressive to $300 from $310 and keeps an Overweight rating on the shares. As competition intensifies, the firm expects Progressive to remain "the best in class underwriter," says the analyst. Progressive stock has "traded flattish" since September, adds the analyst, who sees the stock as "attractive" at current levels.
Elyse Greenspan
Wells Fargo
Buy
2025-01-30
Price Target
$302 → $313
Upside
+25.59%
Bob Huang
Morgan Stanley
Buy
2025-01-21
Price Target
$310 → $300
Upside
+24.48%
