Keefe, Bruyette & Woods Reiterates Outperform on Root, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Thomas McJoynt-Griffith reiterates an Outperform rating on Root (NASDAQ:ROOT) and raises the price target from $70 to $80.
May 07, 2024 | 1:22 pm
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Root's price target was raised from $70 to $80 by Keefe, Bruyette & Woods, maintaining an Outperform rating.
The increase in price target by a reputable analyst firm like Keefe, Bruyette & Woods typically signals a strong bullish sentiment towards the company's stock, suggesting a positive short-term impact on its price.
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