On Nov 01, major Wall Street analysts update their ratings for $Root Inc (ROOT.US)$, with price targets ranging from $51 to $90.
Wells Fargo analyst Elyse Greenspan maintains with a hold rating, and adjusts the target price from $64 to $78.
TD Cowen analyst Andrew Kligerman maintains with a hold rating, and maintains the target price at $51.
JMP Securities analyst Matthew Carletti maintains with a buy rating, and maintains the target price at $90.
KBW analyst Thomas McJoynt Griffith maintains with a buy rating, and maintains the target price at $82.
Furthermore, according to the comprehensive report, the opinions of $Root Inc (ROOT.US)$'s main analysts recently are as follows:
Root's operating income per share surpassed consensus estimates. Despite a deceleration in PIF growth during the quarter, the company reported a reduction in churn due to the maturation of its book and disclosed robustness in the partnership channel. Root's prospects appear more favorable following its demonstrated capability to yield an operating profit. Additionally, the reorganization of the company's term loan facility coupled with a reduction in interest has alleviated the capital constraints that were previously impeding growth.
Here are the latest investment ratings and price targets for $Root Inc (ROOT.US)$ from 4 analysts:
Note:
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