Wells Fargo Maintains Equal-Weight on Root, Raises Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan has maintained an Equal-Weight rating on Root (NASDAQ:ROOT) and increased the price target from $64 to $78.
November 01, 2024 | 6:51 pm
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POSITIVE IMPACT
Wells Fargo has maintained its Equal-Weight rating on Root and increased the price target from $64 to $78, indicating a positive outlook.
The increase in price target from $64 to $78 by Wells Fargo suggests a positive outlook for Root, which could lead to a short-term increase in stock price. The maintenance of an Equal-Weight rating indicates a balanced view, but the raised target shows confidence in potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100