11 Analysts Assess Root: What You Need To Know
Portfolio Pulse from Benzinga Insights
Root Inc (NASDAQ:ROOT) was analyzed by 11 analysts, showing a mix of bullish to bearish sentiments. Recent ratings have shifted, with an average 12-month price target of $45.09, marking a 92.69% increase from the previous $23.40. Analysts from firms like Keefe, Bruyette & Woods, Wells Fargo, and JMP Securities have adjusted their ratings and price targets, reflecting optimism in Root's performance. Root's financials indicate a market cap below industry average, a significant revenue growth of 263.62%, but challenges in profitability and debt management.
May 07, 2024 | 5:01 pm
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Root Inc has received varied analyst ratings, with a significant upward revision in the 12-month price target to $45.09, indicating a strong bullish sentiment among some analysts. The company's recent financial performance shows substantial revenue growth, but it faces challenges in profitability and debt management.
The substantial increase in the average price target by analysts suggests a strong bullish sentiment towards Root Inc. This optimism is likely based on the company's significant revenue growth. However, investors should be cautious due to Root's challenges in profitability and debt management, which could impact its ability to sustain growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100