Root (ROOT) Stock Forecast & Price Target

$109.23 -0.17 (-0.16%)

(As of 11/22/2024 ET)

Root - Analysts' Recommendations and Stock Price Forecast (2024)

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

Hold

Based on 9 Analyst Ratings

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
-45.87% 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 -45.87% from the current price of $109.23.

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ROOT Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
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)	3 Buy rating(s)	4 Buy rating(s)	1 Buy rating(s)
Hold	6 Hold rating(s)	4 Hold rating(s)	5 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	$55.63	$47.78	$8.31
Forecasted Upside	-45.87% Downside	47.12% Upside	6.84% Upside	-14.66% Downside
Consensus Rating	Hold	Moderate Buy	Hold	Hold

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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.

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.

Root Stock vs. The Competition

Type	Root	Finance Companies	S&P 500
Consensus Rating Score	2.44	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-45.87% Downside	10.30% Upside	7.66% Upside
News Sentiment Rating	Negative News See Recent ROOT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Citizens Jmp 0 of 5 stars	M. Carletti Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/22/2024	JMP Securities 2 of 5 stars		Downgrade	Outperform ➝ Market Perform
11/5/2024	Keefe, Bruyette & Woods 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$82.00 ➝ $90.00	+23.68%
11/4/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$61.00 ➝ $67.00	-7.15%
11/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$64.00 ➝ $78.00	+5.06%
10/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$84.00 ➝ $72.00	+88.48%
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10/3/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Siegler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
6/5/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$11.00 ➝ $51.00	-0.87%
2/23/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$11.00 ➝ $12.00	-27.67%
9/19/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$3.00	-71.56%
2/27/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight	$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 Monday at 05:44 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Root in the last twelve months. There are currently 6 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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 -45.87% 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 2.49. Learn more on how ROOT compares to other companies.

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Trump won. Buy this coin now. (Ad)

Juan Villaverde called the top and bottom of every crypto bull market since 2012. He believes Bitcoin will go to $150,000 — or more. But there’s one coin he thinks could go even higher.

This could be his favorite coin.

This page (NASDAQ:ROOT) was last updated on 11/25/2024 by MarketBeat.com Staff

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Root (ROOT) Stock Forecast & Price Target