Is Lemonade Inc. (LMND) the Worst AI Stock to Buy? [Yahoo! Finance]
Lemonade, Inc. (LMND)
Company Research
Source: Yahoo! Finance
Are AI Stocks on the Rise Again? In the lead-up to the September rate cut decision, analysts had expressed a variety of opinions regarding the 50 basis-point cut, with some supporting and others opposing it. Some of them suggested that lower interest rates could create opportunities in small and mid-cap stocks, which may benefit from a more favorable borrowing environment. Officials at the Fed maintained the opinion that this timely monetary policy adjustment was purely based on economic data and wasn't politically motivated. Additionally, it isn't just influenced by recent employment data but rather as a part of a broader strategy established earlier in July, aimed at managing inflation while maintaining low unemployment rates. Lower interest rates are now encouraging investors to reconsider their AI stock holdings or diversify their portfolios with a greater focus on AI investments. Cory Johnson, Chief Market Strategist at Futurum Group, discussed how the Fed's rate cuts have
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LMND
News
- Lemonade, Inc. (NYSE: LMND) had its price target raised by analysts at BMO Capital Markets from $13.00 to $15.00. They now have an "underperform" rating on the stock.MarketBeat
- Lemonade, Inc. (NYSE: LMND) had its price target raised by analysts at Piper Sandler from $25.00 to $44.00. They now have a "neutral" rating on the stock.MarketBeat
- Lemonade, Inc. (NYSE: LMND) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $42.00 price target on the stock, up previously from $23.00.MarketBeat
- Lemonade, Inc. (NYSE: LMND) had its price target raised by analysts at Morgan Stanley from $15.00 to $23.00. They now have an "underweight" rating on the stock.MarketBeat
- From $1 Billion to $10 Billion: Lemonade’s Investor Day To Focus On The Next 10xBusiness Wire
LMND
Earnings
- 10/30/24 - Beat
LMND
Sec Filings
- 11/21/24 - Form 144
- 11/19/24 - Form 144
- 11/13/24 - Form 4/A
- LMND's page on the SEC website