JMP Securities Maintains Market Outperform on Root, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Matthew Carletti has maintained a Market Outperform rating on Root (NASDAQ:ROOT) and increased the price target from $15 to $90. This significant adjustment reflects a positive outlook on the company's future performance.
May 01, 2024 | 3:43 pm
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POSITIVE IMPACT
JMP Securities has reaffirmed its Market Outperform rating on Root and raised its price target significantly from $15 to $90, indicating a strong positive outlook on the company's performance.
The substantial increase in the price target from $15 to $90 by JMP Securities suggests a strong conviction in Root's potential for growth and profitability. This endorsement from a reputable analyst could lead to increased investor confidence and a potential uptick in ROOT's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100