BofA lowered the firm’s price target on Progressive (PGR) to $346 from $351 and keeps a Buy rating on the shares. Progressive added a “healthy” net 273,000 personal auto customers in October vs. 150,000 in September, a steep increase in net growth after the pace declined for six consecutive months, the analyst tells investors in a research note. October 2025 delivered the third-strongest monthly net policy growth of the year, countering the bearish narrative that has weighed on Progressive shares since April, the firm says.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PGR:
- Progressive’s Strong Operational Efficiency and Favorable Loss Trends Justify Buy Rating Despite Near-Term Challenges
- Progressive Releases October 2025 Financial Results
- Progressive reports October EPS $1.44 vs. 69c last year
- King of Radio: Home Depot Stock (NYSE:HD) Plunges as it Maintains Radio Presence
- Cautious Outlook on Progressive: Sell Rating Due to Capital Efficiency Concerns