
PROG Holdings (PRG) Stock Forecast & Price Target
PROG Holdings (PRG) Analyst Ratings
Bulls say
PROG Holdings is positioned for growth through its successful acquisition of Purchasing Power and divestiture of credit card receivables, as well as its focus on trends in the BNPL market and potential for expansion into adjacent markets. Despite a decline in GMV due to the loss of a major customer and risks associated with the subprime market, the stock's current discount to peers presents an opportunity for potential earnings and EPS growth.
Bears say
PROG Holdings is heavily reliant on its Progressive Leasing segment, which is facing headwinds due to both macroeconomic factors and competition in the buy-now-pay-later space from larger players. The company's newly acquired products, Four Technologies and Money App, are still in their early stages and may not provide sufficient revenue to offset any weaknesses in the core leasing business. Additionally, PROG Holdings operates in a highly regulated industry and is subject to potential changes in regulations and fees, which could impact its earnings. Overall, the company's high reliance on the subprime credit market and the expectation of slow growth in its core business make for a negative outlook on its stock.
This aggregate rating is based on analysts' research of PROG Holdings and is not a guaranteed prediction by Public.com or investment advice.
PROG Holdings (PRG) Analyst Forecast & Price Prediction
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