Piper Sandler Maintains Neutral on Lemonade, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Arvind Ramnani maintains a Neutral rating on Lemonade (NYSE:LMND) but raises the price target from $18 to $25.
November 01, 2024 | 9:31 am
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Piper Sandler has maintained a Neutral rating on Lemonade but increased the price target from $18 to $25, indicating a more optimistic outlook.
The increase in price target from $18 to $25 suggests a more positive outlook on Lemonade's future performance, which could lead to a short-term positive impact on the stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100