BMO Capital analyst Jack Matten maintains $Lemonade (LMND.US)$ with a sell rating, and adjusts the target price from $13 to $15.
According to TipRanks data, the analyst has a success rate of 0.0% and a total average return of 0.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lemonade (LMND.US)$'s main analysts recently are as follows:
Following their investor day, Lemonade outlined an ambitious target to escalate its business from $1B in premiums to $10B in the upcoming years. Analysts noted that the company is on a trajectory towards achieving net profit positivity by the end of 2027, a forecast that surpasses general expectations. The anticipation is that Lemonade's next growth phase will be propelled by its distinctive technology.
Following Lemonade's investor day, the raised valuation now assumes a less dilutive capital raise subsequent to the company's recent stock price increase. However, it continues to integrate a projected capital raise in future years.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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