Evercore ISI reiterates In Line rating on Progressive stock at $230

NodeGuardian · 2026-03-21T00:42:34+00:00

Evercore ISI maintains an "In Line" rating for Progressive Corp. with a $230 target, citing solid financials and attractive valuation despite anticipated margin normalization and lower price targets from others.

NodeGuardian

2026-03-21 00:42:34

Abstract generation in progress

Evercore ISI has reiterated an “In Line” rating on Progressive Corp. (NYSE:PGR) with a $230 price target, noting the company’s solid financial results with upside to consensus policies in force and better net premiums written. While anticipating faster margin normalization due to expected negative pricing and claims frequency normalization, the firm also points out that Progressive’s stock trades below its long-term average P/E, suggesting an attractive valuation. This outlook comes amidst recent news of a strong Q4 2025 for Progressive, though BMO Capital adjusted its price target lower, while analysts generally believe AI will not significantly disrupt larger commercial property and casualty brokers.

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