KeyBanc Maintains Bullish View on PROG Holdings, Inc. (PRG)

PROG Holdings, Inc. (NYSE:PRG) is among the best low-priced growth stocks to buy now. KeyBanc has reiterated its ‘Overweight’ rating on PROG Holdings, Inc. (NYSE:PRG), while maintaining a price target of $45.00, implying an upside of nearly 34%. This optimism follows meetings with management, during which the company’s buy-now-pay-later offering was highlighted.

The firm believes that the company’s OBBBA initiative could achieve over $100 million in cash tax savings. Despite risks from strict credit decisioning and impacts from the Big Lots bankruptcy, PROG Holdings, Inc. (NYSE:PRG) could be worth more in the years ahead.

While highlighting a positive outlook for the company’s core leasing business, KeyBanc sees value creation potential in PROG Holdings, Inc. (NYSE:PRG). Additionally, technology initiatives, such as the launch of a new consumer chat feature, enhanced AI-driven tools, and improvements in digital servicing, will continue to drive the company’s future.

PROG Holdings, Inc. (NYSE:PRG), headquartered in Draper, Utah, is a financial technology holding company offering payment options to consumers. With two main segments: Progressive Leasing and Vive, the company focuses on corporate governance and environmental responsibility.

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