Forecasting The Future: 4 Analyst Projections For Lemonade
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings and price targets for Lemonade (NYSE:LMND), showing a mix of opinions. The average 12-month price target is now $22.25, up from $14.50, indicating a 53.45% increase. Analysts' ratings range from 'Market Perform' to 'Underweight', with price targets varying from $14.00 to $40.00. Lemonade's financial performance shows a revenue growth of 30.66% over the past three months, but struggles with a net margin of -36.71% and below-average ROE and ROA.
April 15, 2024 | 7:01 pm
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Analysts have mixed opinions on LMND, with updated price targets suggesting a potential upside. Despite revenue growth, profitability and efficiency metrics are concerning.
The increase in the average price target to $22.25 reflects a positive outlook from some analysts, suggesting a potential short-term upside for LMND's stock price. However, the company's financial challenges, such as a high net margin loss and below-average ROE and ROA, may temper investor enthusiasm. The mixed analyst ratings indicate uncertainty, but the overall increase in price targets could lead to short-term positive momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100