Wells Fargo Maintains Equal-Weight on Root, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan maintains an Equal-Weight rating on Root (NASDAQ:ROOT) and raises the price target from $12 to $64.
April 11, 2024 | 2:35 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wells Fargo has maintained its Equal-Weight rating on Root but increased the price target significantly from $12 to $64.
The substantial increase in the price target for Root by Wells Fargo, from $12 to $64, indicates a strong positive reassessment of the company's value or growth prospects. This adjustment is likely to generate investor interest and could lead to a short-term increase in the stock price, given the new target suggests a significant upside potential from current levels.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100