Keefe, Bruyette & Woods Reiterates Outperform on Root, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Thomas McJoynt-Griffith reiterates an Outperform rating on Root, Inc. (NASDAQ:ROOT) and raises the price target from $22 to $70.
April 24, 2024 | 2:56 pm
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POSITIVE IMPACT
Keefe, Bruyette & Woods has reiterated an Outperform rating on Root, Inc. and significantly raised the price target from $22 to $70.
The substantial increase in the price target by a reputable analyst firm like Keefe, Bruyette & Woods could lead to increased investor confidence in Root, Inc., potentially driving up the stock price in the short term. The reiteration of an Outperform rating further solidifies the positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100