In a report released today, Matthew Carletti from JMP Securities reiterated a Buy rating on Hippo Holdings (HIPO – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $18.39.
According to TipRanks, Carletti is a 5-star analyst with an average return of 9.9% and a 59.63% success rate. Carletti covers the Financial sector, focusing on stocks such as Chubb, ProAssurance, and Skyward Specialty Insurance Group, Inc..
Currently, the analyst consensus on Hippo Holdings is a Strong Buy with an average price target of $21.33, a 15.99% upside from current levels. In a report released on March 10, KBW also maintained a Buy rating on the stock with a $21.00 price target.
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The company has a one-year high of $20.39 and a one-year low of $6.65. Currently, Hippo Holdings has an average volume of 169.4K.
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Hippo Holdings (HIPO) Company Description:
Hippo is digital first licensed property casualty insurance provider. Through its Smart Home program, the company also provides smart home devices to detect water, fire, and theft. Leveraging real-time data, smart home technology, and a growing suite of home services, Hippo created an integrated home protection platform.
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