Lemonade Inc. (Symbol: LMND) shares recently traded at $18.25, surpassing the average 12-month analyst target price of $17.57. This development prompts analysts to reassess their targets; one may downgrade the stock based on valuation, while others might adjust their target prices higher, depending on the company’s fundamental performance.
The average of seven analysts’ targets shows significant variation, with projections ranging from a low of $9.00 to a high of $40.00, and a standard deviation of $10.34. Currently, the breakdown of analyst ratings indicates one strong buy, six holds, two sells, and one strong sell, yielding an average rating of 3.17 on a scale where 1 is a strong buy and 5 is a strong sell.
