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.

While we acknowledge the potential of PRG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PRG and that has 100x upside potential, check out our report about this cheapest AI stock.

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