Root, Inc. Has Entered The World Of Profits (Rating Upgrade) [Seeking Alpha]
Root, Inc. (ROOT)
Company Research
Source: Seeking Alpha
10min Summary Root, Inc. has finally achieved its first profitable quarter, reducing the risks and providing a better basis for valuation. Following wild price fluctuation after ROOT's earnings release, the closing price fell to a fair range for no growth and a bargain if growth materializes. Auto insurance remains competitive, however, and bigger competitors may yet test Root's ability to capture market share from its small starting point. Overall, the confirmation of their strategy in Q3 and the value proposition make ROOT a compelling Buy. jamesteohart Root, Inc. ( NASDAQ: ROOT ), a property-casualty insurance company I covered just this August . At the time, I noted its potential but rated it a Hold, ultimately concluding: Root seems to be following its strategy, but the current price is ahead of This article was written by Joseph Parrish 1.74K Follower s Follow My articles are written with a mind to owning a stock for years, not trying to predict price
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ROOT
News
- Root, Inc. (NASDAQ: ROOT) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $90.00 price target on the stock, up previously from $82.00.MarketBeat
- Root, Inc. (NASDAQ: ROOT) had its price target raised by analysts at UBS Group AG from $61.00 to $67.00. They now have a "neutral" rating on the stock.MarketBeat
- Root, Inc. (NASDAQ: ROOT) had its price target raised by analysts at Wells Fargo & Company from $64.00 to $78.00. They now have an "equal weight" rating on the stock.MarketBeat
- Root, Inc. (ROOT) Hit a 52 Week High, Can the Run Continue? [Yahoo! Finance]Yahoo! Finance
- Root, Inc. Announces 2024 Third Quarter ResultsGlobeNewswire
ROOT
Earnings
- 10/30/24 - Beat
ROOT
Sec Filings
- 11/15/24 - Form 8-K
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- ROOT's page on the SEC website