Wells Fargo Analyst Reiterates Buy Rating on Progressive with $333 Price Target

Progressive's strong financial performance and growth potential justify a Buy rating, according to Wells Fargo analyst Elyse Greenspan. The company has demonstrated stronger-than-expected growth in policies in force and maintained robust margins, supported by favorable reserve development. Greenspan sees the stock as attractively valued, trading at a reasonable multiple of the 2026 earnings per share estimate, and believes the company can continue to capture market share.

Wells Fargo analyst Elyse Greenspan has reiterated a Buy rating on Progressive, maintaining a price target of $333.00. Greenspan's assessment is based on the company's robust financial performance and growth potential. Progressive has shown stronger-than-expected growth in policies in force (PIF) and maintained robust margins, supported by favorable reserve development. These factors contribute to the belief that Progressive can continue to capture market share.

Greenspan also sees the stock as attractively valued, trading at a reasonable multiple of the 2026 earnings per share estimate. Despite recent underperformance in share price, the company's year-to-date combined ratio of 86.6% provides it with the flexibility to manage potential cost increases, such as tariffs, without significant impact. Additionally, the upward revision of the 2025 earnings per share estimate, driven by better-than-expected performance and loss ratios, further supports the positive outlook for Progressive’s stock.

Another analyst, Roth MKM, also maintained a Buy rating on the stock with a $315.00 price target. Progressive's price has changed slightly over the past six months, increasing from $245.540 to $246.460, a 0.37% increase.

In conclusion, Progressive's strong financial performance and growth potential justify a Buy rating. The company's ability to maintain robust margins and capture market share, along with its attractively valued stock, make it a compelling investment opportunity. Investors should consider Progressive's potential for continued growth and resilience.

References:
[1] https://www.tipranks.com/news/ratings/progressives-strong-financial-performance-and-growth-potential-justifies-buy-rating-ratings-3?mod=mw_quote_news
[2] https://en.coinotag.com/michael-saylor-highlights-bitcoins-growth-potential-as-robert-kiyosaki-foresees-possible-1-million-price-by-2035/
[3] https://www.marketbeat.com/all-access/analyst-rankings/119/