Decoding 4 Analyst Evaluations For Palomar Hldgs
Portfolio Pulse from Benzinga Insights
In the last three months, 4 analysts have updated their ratings on Palomar Holdings (NASDAQ:PLMR), showing a shift towards a more bullish outlook. The average 12-month price target has been raised to $82.75, up 14.53% from the previous $72.25. Analysts from Jefferies, Keefe, Bruyette & Woods, Truist Securities, and Evercore ISI Group have all raised their price targets, indicating a positive sentiment towards PLMR's market position and financial health, highlighted by its revenue growth, net margin, and ROE.
March 14, 2024 | 12:00 pm
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POSITIVE IMPACT
Palomar Holdings has received positive analyst ratings with an increased average price target of $82.75, indicating a bullish sentiment. The company's strong financial performance, including revenue growth and high net margin, supports this optimistic outlook.
The unanimous decision by analysts to raise their price targets for PLMR, coupled with the company's impressive financial performance such as an 18.92% revenue growth and a 24.57% net margin, strongly suggests a positive short-term impact on PLMR's stock price. The increased average price target reflects analysts' confidence in the company's continued growth and operational efficiency.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100