Analyst Scoreboard: 5 Ratings For Root
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Root (NASDAQ:ROOT) over the past three months, with a recent trend of lowering price targets. The average 12-month price target has decreased by 6.85% to $73.4. Despite impressive revenue growth, Root faces challenges with profitability, ROE, ROA, and a high debt-to-equity ratio.
October 10, 2024 | 7:01 pm
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NEGATIVE IMPACT
Root (NASDAQ:ROOT) has received mixed analyst ratings recently, with a trend of lowering price targets. The average 12-month price target is now $73.4, down 6.85% from the previous average. Despite strong revenue growth, Root struggles with profitability and has a high debt-to-equity ratio.
The recent trend of analysts lowering price targets for Root suggests a bearish sentiment, which could negatively impact the stock price in the short term. Despite strong revenue growth, the company's challenges with profitability, ROE, ROA, and high debt levels contribute to a negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100