These Analysts Revise Their Forecasts On Progressive After Q3 Earnings

Author: Avi Kapoor | October 16, 2025 11:44am

The Progressive Corporation (NYSE:PGR) reported weaker-than-expected earnings for the third quarter on Wednesday.

The company posted quarterly earnings of $4.06 per share which missed the analyst consensus estimate of $5.04 per share. The company reported quarterly sales of $20.849 billion which missed the analyst consensus estimate of $21.819 billion.

Progressive shares fell 2.2% to $221.57 on Thursday.

These analysts made changes to their price targets on Progressive following earnings announcement.

• B of A Securities analyst Joshua Shanker maintained Progressive with a Buy and raised the price target from $350 to $351.
• Citigroup analyst Matthew Heimermann maintained the stock with a Buy and lowered the price target from $312 to $301.38.
• Wells Fargo analyst Elyse Greenspan maintained Progressive with an Equal-Weight rating and lowered the price target from $266 to $246.
• BMO Capital analyst Michael Zaremski maintained the stock with a Market Perform and cut the price target from $252 to $247.
• Keefe, Bruyette & Woods analyst Meyer Shields maintained Progressive with a Market Perform and lowered the price target from $270 to $262.

Considering buying PGR stock? Here’s what analysts think:

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Posted In: PGR