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Root (ROOT) Stock Forecast & Price Target

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$73.22 +2.10 (+2.95%)
(As of 12/20/2024 05:51 PM ET)

Root - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
6
Buy
3

Based on 9 Wall Street analysts who have issued ratings for Root in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 6 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for ROOT.

Consensus Price Target

$59.13
-19.25% Downside
According to the 9 analysts' twelve-month price targets for Root, the average price target is $59.13. The highest price target for ROOT is $90.00, while the lowest price target for ROOT is $12.00. The average price target represents a forecasted downside of -19.25% from the current price of $73.22.
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ROOT Analyst Ratings Over Time

TypeCurrent Forecast
12/23/23 to 12/22/24
1 Month Ago
11/23/23 to 11/22/24
3 Months Ago
9/24/23 to 9/23/24
1 Year Ago
12/23/22 to 12/23/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
1 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$59.13$59.13$53.38$8.31
Forecasted Upside-19.25% Downside-45.87% Downside40.50% Upside-23.39% Downside
Consensus Rating
Hold
Hold
Moderate Buy
Hold

ROOT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ROOT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Root Stock vs. The Competition

TypeRootFinance CompaniesS&P 500
Consensus Rating Score
2.44
2.50
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside-19.25% Downside18.66% Upside14.53% Upside
News Sentiment Rating
Neutral News

See Recent ROOT News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/22/2024Citizens Jmp
0 of 5 stars
M. Carletti
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DowngradeStrong-Buy ➝ Hold
11/22/2024JMP Securities
2 of 5 stars
 DowngradeOutperform ➝ Market Perform
11/5/2024Keefe, Bruyette & Woods
4 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$82.00 ➝ $90.00+23.68%
11/4/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$61.00 ➝ $67.00-7.15%
11/1/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$64.00 ➝ $78.00+5.06%
10/9/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$84.00 ➝ $72.00+88.48%
10/3/2024Cantor Fitzgerald
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J. Siegler
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UpgradeStrong-Buy
6/5/2024TD Cowen
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 Boost TargetHold ➝ Hold$11.00 ➝ $51.00-0.87%
2/23/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$11.00 ➝ $12.00-27.67%
9/19/2023Royal Bank of Canada
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 Reiterated RatingSector Perform ➝ Sector Perform$3.00-71.56%
2/27/2023Barclays
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 Lower TargetUnderweight$8.00 ➝ $5.50+2.80%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:51 AM ET.


ROOT Forecast - Frequently Asked Questions

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Root is $59.13, with a high forecast of $90.00 and a low forecast of $12.00.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Root in the last year. There are currently 6 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ROOT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ROOT, but not buy additional shares or sell existing shares.

According to analysts, Root's stock has a predicted downside of -19.25% based on their 12-month stock forecasts.

Over the previous 90 days, Root's stock had 2 downgrades and 1 upgrade by analysts.

Root has been rated by research analysts at Cantor Fitzgerald, Citizens Jmp, Jefferies Financial Group, JMP Securities, Keefe, Bruyette & Woods, UBS Group, and Wells Fargo & Company in the past 90 days.

Analysts like Root less than other "finance" companies. The consensus rating score for Root is 2.44 while the average consensus rating score for "finance" companies is 2.50. Learn more on how ROOT compares to other companies.


This page (NASDAQ:ROOT) was last updated on 12/22/2024 by MarketBeat.com Staff
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