Goosehead Insurance shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results and raised its FY24 revenue guidance. Also, RBC Capital raised its price target on the stock from $95 to $109.
Portfolio Pulse from Benzinga Newsdesk
Goosehead Insurance shares rose after reporting better-than-expected Q3 adjusted EPS and raising FY24 revenue guidance. RBC Capital also increased its price target from $95 to $109.
October 24, 2024 | 4:06 pm
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Goosehead Insurance shares increased due to strong Q3 EPS results and an upward revision of FY24 revenue guidance. RBC Capital raised its price target from $95 to $109.
The better-than-expected Q3 EPS results and increased FY24 revenue guidance are positive indicators for Goosehead Insurance's financial health, likely boosting investor confidence. Additionally, RBC Capital's increased price target suggests a positive outlook from analysts, further supporting a potential rise in stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100