10 Analysts Have This To Say About Palomar Hldgs
Portfolio Pulse from Benzinga Insights
In the last three months, 10 analysts have updated their ratings on Palomar Holdings (NASDAQ:PLMR), showing a mix of bullish to indifferent sentiments. The average 12-month price target has been raised to $86.7, reflecting an 11.01% increase from the previous target. Analysts from firms like Piper Sandler, Truist Securities, and JP Morgan have adjusted their price targets and ratings, indicating a positive outlook on the company's performance. Palomar Holdings, specializing in specialty property insurance, has shown notable revenue growth and financial health, with a revenue growth rate of 12.47% and a net margin of 22.26%.
May 06, 2024 | 3:00 pm
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Palomar Holdings has received positive analyst ratings with an updated average 12-month price target of $86.7, indicating a bullish sentiment. The company's strong financial performance and growth in specialty property insurance are key factors.
The unanimous positive adjustment in price targets and ratings by analysts from reputable firms suggests a strong confidence in Palomar Holdings' market position and financial health. The company's specialization in property insurance, particularly in earthquake-exposed states, alongside its impressive revenue growth and net margin, positions it favorably in the market. The increase in the average price target reflects expectations of continued growth and profitability, likely influencing a positive short-term impact on PLMR's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100