Cantor Fitzgerald Upgrades Root to Overweight, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Josh Siegler upgrades Root, Inc. (NASDAQ:ROOT) from Neutral to Overweight and increases the price target from $9 to $13.
February 22, 2024 | 12:14 pm
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Root, Inc. (NASDAQ:ROOT) was upgraded from Neutral to Overweight by Cantor Fitzgerald analyst Josh Siegler, with the price target raised from $9 to $13.
The upgrade from Neutral to Overweight by a reputable analyst, along with a significant increase in the price target, suggests a strong bullish outlook for Root, Inc. This is likely to positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100