Jefferies Maintains Buy on Root, Lowers Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Yaron Kinar maintains a Buy rating on Root (NASDAQ:ROOT) but lowers the price target from $84 to $72.
October 09, 2024 | 9:16 pm
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Jefferies analyst Yaron Kinar continues to recommend buying Root stock but has reduced the price target from $84 to $72, indicating a more conservative outlook.
The maintained Buy rating suggests continued confidence in Root's potential, but the lowered price target reflects a more cautious stance on its near-term valuation. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100