As of the time of publication, the stock rose more than 5%, closing at $48.97.
According to the Securities Times APP, on Thursday, Lemonade (LMND.US) stock price rose, rising more than 5% as of the time of publication, closing at $48.97. Morgan Stanley raised the stock rating to neutral-weight, the analyst at the firm told investors in a research report that Lemonade has set ambitious goals to increase premium income from $1 billion to $10 billion over the next few years. The company also added that it has developed a roadmap to achieve positive net income growth by 2027, which is more optimistic than the market's general expectations.