Critical Insights From Palomar Hldgs Analyst Ratings: What You Need To Know
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Palomar Holdings (NASDAQ:PLMR) show a positive trend, with 5 analysts offering views ranging from bullish to indifferent. The average 12-month price target has been raised to $84.00, reflecting a 13.82% increase from the previous $73.80. Analysts from firms like Piper Sandler and Jefferies have raised their price targets, indicating a bullish outlook based on Palomar's strong financial performance, including a notable revenue growth rate of 18.92% and a high net margin of 24.57%.
April 01, 2024 | 4:00 pm
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Palomar Holdings has received positive analyst ratings, with an average 12-month price target raised to $84.00. The company's strong financial performance, including significant revenue growth and high net margin, supports a bullish outlook.
The positive analyst ratings and raised price targets for PLMR reflect a bullish sentiment based on the company's strong financial performance. The significant revenue growth and high net margin are key factors contributing to this outlook, suggesting a potential short-term upward movement in PLMR's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100