# Wall Street Analysts Trim Progressive Price Target to $232.14 While Maintaining Hold Rating

- URL: https://stocks.freetheai.org/news/wall-street-analysts-trim-progressive-price-target-to-232-14-while-maintaining-581f34
- Published: 2026-10-15T16:20:00Z
- Category: analyst_ratings; sentiment: neutral; impact: low
- Symbols: [NYSE:PGR](https://stocks.freetheai.org/symbols/NYSE-PGR)
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Wall Street analysts lowered their average 12-month price target for Progressive Corporation (PGR) from $234.43 to $232.14 per share. Despite the slight reduction, the updated consensus forecast still offers approximately 9% potential upside compared to the stock's closing price on October 14.

Brokerage recommendations for the insurance provider remain largely cautious. Across 30 covering analysts, the overall consensus stance stands at Hold. Currently, 9 analysts assign a Buy rating, 20 recommend holding the stock, and 1 advises a Sell. Individual price targets range from a low of $196 to a high of $266 per share.

Investors will be watching upcoming financial updates to see whether the insurer can outperform these revised expectations. Progressive shares traded at $216.80, up 1.59% for the session.

## Key points

- Analysts cut Progressive's average 12-month price target from $234.43 to $232.14 per share.
- The revised average target implies roughly 9% potential upside from the October 14 closing price.
- The consensus analyst rating remains a Hold, with 9 Buys, 20 Holds, and 1 Sell.
- Individual analyst price targets for Progressive range between $196 and $266.

## Questions and answers

### What is the new price target for Progressive Corporation stock?

The average 12-month price target for Progressive Corporation is $232.14, reduced from $234.43. Individual targets range from $196 to $266 per share.

### What is the analyst consensus rating for Progressive stock?

The consensus rating for Progressive Corporation is Hold, based on 30 analysts. The breakdown includes 9 Buys, 20 Holds, and 1 Sell.

### How much upside does the new Progressive price target offer?

Based on the October 14 closing price, the $232.14 price target represents approximately 9% potential upside.