#6 - Lemonade (NYSE:LMND)
After climbing 113% in 2024, many investors wonder what Lemonade Inc. (NYSE: LMND) can do for an encore. Analysts are bearish on the stock, which fell approximately 7% in December 2024, and believe that more downside is on the way.
For those who are unfamiliar, Lemonade disrupted the insurance industry by using AI and machine learning to establish its pricing policies. However, the company is young and may be years away from being profitable. Plus, after its initial disruption, the legacy insurance companies are increasing their digital capabilities.
But investors shouldn’t discount Lemonade's status as a Certified B Corporation. This means that it focuses on social and environmental issues in addition to adding shareholder value. In 2025, many younger investors may find that business model appealing.
LMND stock climbed approximately 100% since it reported earnings in October. A pullback in the stock might be necessary. But the consensus price target of around $30 may not tell the whole story. Analysts remain mixed, with at least two of them raising their price targets significantly in November 2024.
About Lemonade
Lemonade, Inc provides various insurance products through various channels in the United States, Europe, and the United Kingdom. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or their property.
Read More - Current Price
- $34.40
- Consensus Rating
- Reduce
- Ratings Breakdown
- 1 Buy Ratings, 2 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $32.67 (5.0% Downside)
