
PROG Holdings (PRG) Stock Forecast & Price Target
PROG Holdings (PRG) Analyst Ratings
Bulls say
PROG Holdings Inc. has demonstrated remarkable financial performance, with Four achieving an average year-over-year growth of 198% in gross merchandise value (GMV) and 382% in revenue since the first quarter of 2024. The company’s strategic initiatives in developing its platform have positioned Four for significant growth, aligning it to potentially match the scale of its primary segment, Progressive Leasing, while the BNPL segment has reported a robust GMV increase of 163%, reaching a $652 million annual run-rate. As the company anticipates a rebound in the leasing business along with expansion from its BNPL and acquisition efforts, it expects to see an acceleration in GMV growth and improving margins, signaling a positive trajectory for overall financial health.
Bears say
The analysis indicates that PROG Holdings is facing significant challenges, primarily due to the loss of a key retail partner, which has adversely impacted its Gross Merchandise Volume (GMV), revenue, and profitability within the Progressive Leasing segment. Additionally, the company is experiencing declining consumer spending patterns on larger purchases and has implemented stricter underwriting standards in response to rising credit losses, further exacerbated by the bankruptcy of Big Lots, Inc. Consequently, the ongoing pressure on the Leasing segment's GMV and a deteriorating consumer credit environment are expected to hinder growth, leading to a cautious outlook for PROG Holdings.
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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