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  4. Forecast

Stock Price Prediction

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PGR
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    OverviewForecastTechnicalOptionsEarningsFinancialsValuationInsiders

PGR Price Prediction Next Week

Based on the provided data and recent market events, here's the analysis for PGR's price prediction for next week:

Technical Analysis

The technical indicators show:

  • RSI(14) at 42.86 indicates neutral territory but slightly oversold
  • MACD at -2.07 suggests bearish momentum
  • Current price trading around $241 with SMA20 at $240.82 and SMA200 at $232.55
  • Fibonacci levels show resistance at $245.56 and support at $231.51

News Impact Analysis

  • Major LA wildfires are expected to have a "material impact" on Q1 2025 earnings for insurance companies including PGR
  • Total damage estimates between $250-275 billion could significantly affect insurers' profitability
  • However, historical data shows insurance stocks tend to recover quickly after natural disasters

Analyst Sentiment

  • 11 analysts coverage with mostly bullish sentiment:
    • 1 Strong Buy
    • 8 Somewhat Bullish
    • 2 Neutral
  • Average price target: $286.55
  • Range: $237.00 - $335.00

Price Prediction for Next Week Based on technical and fundamental factors:

  • Resistance: $245.56 (Fibonacci R1)
  • Support: $231.51 (Fibonacci S1)
  • Target Price: $235-238 range

Trading Recommendation: SELL Rationale:

  1. Negative MACD indicates downward momentum
  2. Material impact from LA wildfires on Q1 earnings
  3. Price likely to test support levels before finding stability
  4. Current price above both SMA20 and SMA200, suggesting potential pullback

Optimal entry for short positions around current levels ($241) with stop loss at $246 (above Fibonacci R1).

Based on the provided data and recent market events, here's the analysis for PGR's price prediction for next week:

Technical Analysis

The technical indicators show:

  • RSI(14) at 42.86 indicates neutral territory but slightly oversold
  • MACD at -2.07 suggests bearish momentum
  • Current price trading around $241 with SMA20 at $240.82 and SMA200 at $232.55
  • Fibonacci levels show resistance at $245.56 and support at $231.51

News Impact Analysis

  • Major LA wildfires are expected to have a "material impact" on Q1 2025 earnings for insurance companies including PGR
  • Total damage estimates between $250-275 billion could significantly affect insurers' profitability
  • However, historical data shows insurance stocks tend to recover quickly after natural disasters

Analyst Sentiment

  • 11 analysts coverage with mostly bullish sentiment:
    • 1 Strong Buy
    • 8 Somewhat Bullish
    • 2 Neutral
  • Average price target: $286.55
  • Range: $237.00 - $335.00

Price Prediction for Next Week Based on technical and fundamental factors:

  • Resistance: $245.56 (Fibonacci R1)
  • Support: $231.51 (Fibonacci S1)
  • Target Price: $235-238 range

Trading Recommendation: SELL Rationale:

  1. Negative MACD indicates downward momentum
  2. Material impact from LA wildfires on Q1 earnings
  3. Price likely to test support levels before finding stability
  4. Current price above both SMA20 and SMA200, suggesting potential pullback

Optimal entry for short positions around current levels ($241) with stop loss at $246 (above Fibonacci R1).

PGR Similar Chart Price Prediction

The price of PGR is predicted to go up 4.8%, based on the high correlation periods with TRV. The similarity of these two price pattern on the periods is 93.78%.

stocks logo

PGR

stocks logo

TRV

Up: 4.8%Similarity: 93.78%

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

284.000

17.250

2027

120.000

-50.140

2028

320.000

32.110

2029

320.000

33.560

2030

350.000

46.080

What is PGR stock price prediction 2025 ?

PGR stock is predicted to reach $284 by the end of 2025, reflecting an 18.5% upside from its current price of $246. This projection is based on strong earnings growth expectations, robust underwriting profitability, and analysts' "Moderate Buy" consensus. However, valuation concerns and optimistic sentiment may limit further upside.

What is PGR stock price prediction 2026 ?

PGR's stock price is predicted to reach approximately $284 by 2026, based on analysts' average price targets and consistent earnings growth. This projection reflects Progressive's strong financial performance, including a forecasted EPS increase to $13.51 in 2024 and robust underwriting profitability. Additionally, its market leadership in the insurance sector and favorable industry trends support this optimistic outlook.

What is PGR stock price prediction 2027 ?

Predicting the price of PGR stock in 2027 is challenging, but it could reach around $120 based on projected growth in the insurance sector and increasing demand for auto insurance. Factors such as technological advancements and improved underwriting processes may enhance profitability. Additionally, a stable economic environment could support this price target.

What is PGR stock price prediction 2028 ?

PGR's stock price in 2028 is projected to reach approximately $320, driven by consistent earnings growth, strong underwriting profitability, and increasing demand for its insurance products. Analysts expect Progressive's EPS to grow significantly, supported by robust financial performance and market expansion. Additionally, its historical outperformance and favorable industry trends bolster confidence in this forecast.

What is PGR stock price prediction 2029 ?

PGR's stock price in 2029 is projected to reach approximately $320, driven by consistent earnings growth, strong underwriting profitability, and increasing demand for its insurance products. Analysts expect Progressive's EPS to grow significantly over the next few years, supported by robust financial performance and market leadership. Additionally, its valuation metrics and historical outperformance suggest sustained upward momentum.

What is PGR stock price prediction 2030 ?

PGR's stock price prediction for 2030 is estimated to be around $350. This projection is based on its consistent revenue growth, strong earnings trajectory, and favorable industry trends in the insurance sector. Additionally, its valuation metrics and historical performance suggest steady long-term appreciation potential.

PGR Revenue Forecast

PGR EPS Forecast

PGR FAQs

What is bull’s view on PGR?

Progressive (PGR) is currently trading at $243.70, with analysts maintaining a bullish outlook. JPMorgan recently raised its price target to $256, citing strong business trends and defensive positioning in the property and casualty sector. Additionally, Raymond James upgraded PGR to "Buy" with a $305 target, reflecting optimism about its growth potential and profitability.

What is bear's view on PGR?

PGR stock currently trades at $243.70, with analysts maintaining a "Moderate Buy" rating and an average price target of $284, suggesting an 18.5% upside. However, its forward P/E ratio of 18.15 is higher than the industry average, indicating potential overvaluation. Recent price momentum has slowed, with the stock down 8.85% in the past month, reflecting weaker short-term sentiment.

What is PGR revenue forecast for next quarter？

The market consensus for PGR's revenue in the upcoming quarter is projected to be approximately $21.856B USD.

What is PGR eps forecast for next quarter？

The market consensus for PGR's eps in the upcoming quarter is projected to be approximately $3.788 USD.

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.

Ask Intellectia about PGR

PGR Analyst's Forecast

Bob Huang

Morgan Stanley

Buy

Price Target

$310 → $300

Upside

+24.48%

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.
Alex Scott

Barclays

Hold

Price Target

$277 → $261

Upside

+8.94%

Jimmy Bhullar

JP Morgan

Buy

Price Target

$251 → $256

Upside

+5.69%

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