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Root
ROOTNASDAQ
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Root (NASDAQ:ROOT) Stock, Analyst Ratings, Price Targets, Forecasts
Root Inc has a consensus price target of $30.92 based on the ratings of 13 analysts. The high is $90 issued by JMP Securities on May 1, 2024. The low is $3 issued by Barclays on November 15, 2021. The 3 most-recent analyst ratings were released by TD Cowen, Keefe, Bruyette & Woods, and Wells Fargo on June 5, 2024, May 7, 2024, and May 1, 2024, respectively. With an average price target of $69.67 between TD Cowen, Keefe, Bruyette & Woods, and Wells Fargo, there's an implied -7.97% downside for Root Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
TD Cowen
Keefe, Bruyette & Woods
Wells Fargo
JMP Securities
Jefferies
1calculated from analyst ratings
Analyst Ratings for Root
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 06/05/2024 | Buy Now | -32.63% | TD Cowen | Andrew Kligerman | $11 → $51 | Maintains | Hold | Get Alert |
| 05/07/2024 | Buy Now | 5.68% | Keefe, Bruyette & Woods | Thomas McJoynt-Griffith | $70 → $80 | Reiterates | Outperform → Outperform | Get Alert |
| 05/01/2024 | Buy Now | 3.04% | Wells Fargo | Elyse Greenspan | $64 → $78 | Maintains | Equal-Weight | Get Alert |
| 05/01/2024 | Buy Now | 18.89% | JMP Securities | Matthew Carletti | $15 → $90 | Maintains | Market Outperform | Get Alert |
| 04/24/2024 | Buy Now | -7.53% | Keefe, Bruyette & Woods | Thomas McJoynt-Griffith | $22 → $70 | Reiterates | Outperform → Outperform | Get Alert |
| 04/15/2024 | Buy Now | -80.18% | JMP Securities | Matthew Carletti | → $15 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 04/11/2024 | Buy Now | -15.46% | Wells Fargo | Elyse Greenspan | $12 → $64 | Maintains | Equal-Weight | Get Alert |
| 03/01/2024 | Buy Now | -47.16% | Jefferies | Yaron Kinar | $10 → $40 | Upgrade | Hold → Buy | Get Alert |
| 02/26/2024 | Buy Now | -70.94% | Keefe, Bruyette & Woods | Thomas McJoynt-Griffith | $10 → $22 | Upgrade | Market Perform → Outperform | Get Alert |
| 02/23/2024 | Buy Now | -84.15% | Citigroup | Michael Ward | $11 → $12 | Maintains | Neutral | Get Alert |
| 02/22/2024 | Buy Now | -84.15% | Wells Fargo | Elyse Greenspan | $11 → $12 | Maintains | Equal-Weight | Get Alert |
| 02/22/2024 | Buy Now | -82.83% | Cantor Fitzgerald | Josh Siegler | $9 → $13 | Upgrade | Neutral → Overweight | Get Alert |
| 10/06/2023 | Buy Now | -86.79% | Jefferies | Yaron Kinar | $11 → $10 | Maintains | Hold | Get Alert |
| 08/28/2023 | Buy Now | -86.79% | UBS | Brian Meredith | $6 → $10 | Maintains | Neutral | Get Alert |
| 08/23/2023 | Buy Now | -85.47% | Citigroup | Michael Ward | $5 → $11 | Maintains | Neutral | Get Alert |
| 07/12/2023 | Buy Now | -80.18% | JMP Securities | Matthew Carletti | → $15 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 04/18/2023 | Buy Now | -80.18% | JMP Securities | Matthew Carletti | → $15 | Reiterates | → Market Outperform | Get Alert |
| 04/10/2023 | Buy Now | -94.72% | Jefferies | Yaron Kinar | $4.5 → $4 | Maintains | Hold | Get Alert |
| 04/05/2023 | Buy Now | -92.07% | Wells Fargo | Elyse Greenspan | $7 → $6 | Maintains | Equal-Weight | Get Alert |
| 02/27/2023 | Buy Now | -92.73% | Barclays | Tracy Benguigui | $8 → $5.5 | Maintains | Underweight | Get Alert |
| 02/24/2023 | Buy Now | -80.18% | JMP Securities | Matthew Carletti | $20 → $15 | Maintains | Market Outperform | Get Alert |
| 02/24/2023 | Buy Now | -92.07% | Cantor Fitzgerald | Josh Siegler | $22 → $6 | Downgrade | Overweight → Neutral | Get Alert |
| 01/18/2023 | Buy Now | -92.07% | Wells Fargo | Elyse Greenspan | $9 → $6 | Maintains | Equal-Weight | Get Alert |
| 01/17/2023 | Buy Now | -73.58% | JMP Securities | Matthew Carletti | $25 → $20 | Maintains | Market Outperform | Get Alert |
| 12/15/2022 | Buy Now | -92.07% | Citigroup | Michael Ward | → $6 | Initiates | → Neutral | Get Alert |
| 11/22/2022 | Buy Now | -88.77% | Morgan Stanley | Michael Phillips | $20.93 → $8.5 | Maintains | Equal-Weight | Get Alert |
| 11/17/2022 | Buy Now | -88.11% | Keefe, Bruyette & Woods | Thomas McJoynt-Griffith | → $9 | Initiates | → Market Perform | Get Alert |
| 11/11/2022 | Buy Now | -89.43% | Barclays | Tracy Benguigui | $17 → $8 | Maintains | Underweight | Get Alert |
| 10/18/2022 | Buy Now | -66.97% | JMP Securities | Matthew Carletti | $90 → $25 | Maintains | Market Outperform | Get Alert |
| 10/12/2022 | Buy Now | -86.79% | Wells Fargo | Elyse Greenspan | $25 → $10 | Maintains | Equal-Weight | Get Alert |
| 08/19/2022 | Buy Now | -72.35% | Morgan Stanley | Michael Phillips | $37.26 → $20.93 | Maintains | Equal-Weight | Get Alert |
| 08/16/2022 | Buy Now | -77.54% | Barclays | Tracy Benguigui | $1.5 → $17 | Maintains | Underweight | Get Alert |
| 08/15/2022 | Buy Now | -50.78% | Morgan Stanley | Michael Phillips | $2.07 → $37.26 | Maintains | Equal-Weight | Get Alert |
| 08/10/2022 | Buy Now | -98.15% | Wells Fargo | Elyse Greenspan | $54 → $25.2 | Maintains | Equal-Weight | Get Alert |
| 07/12/2022 | Buy Now | -98.35% | Jefferies | Yaron Kinar | $36 → $22.5 | Maintains | Hold | Get Alert |
| 03/03/2022 | Buy Now | -97.27% | Morgan Stanley | Michael Phillips | $126 → $37.26 | Maintains | Equal-Weight | Get Alert |
| 02/28/2022 | Buy Now | -97.36% | UBS | Brian Meredith | $108 → $36 | Maintains | Neutral | Get Alert |
| 02/28/2022 | Buy Now | -98.02% | Barclays | Tracy Benguigui | $54 → $27 | Maintains | Underweight | Get Alert |
| 01/04/2022 | Buy Now | -93.39% | Wells Fargo | Elyse Greenspan | $108 → $90 | Maintains | Equal-Weight | Get Alert |
| 11/19/2021 | Buy Now | -92.73% | Jefferies | Yaron Kinar | — | Initiates | → Hold | Get Alert |
| 11/15/2021 | Buy Now | -96.04% | Barclays | Ross Sandler | — | Downgrade | Equal-Weight → Underweight | Get Alert |
| 08/19/2021 | Buy Now | -90.75% | Morgan Stanley | Michael Phillips | — | Maintains | Equal-Weight | Get Alert |
| 08/17/2021 | Buy Now | -93.39% | Wolfe Research | Michael Zaremski | — | Initiates | → Peer Perform | Get Alert |
| 08/13/2021 | Buy Now | -92.07% | Barclays | Tracy Benguigui | — | Maintains | Equal-Weight | Get Alert |
| 08/13/2021 | Buy Now | -90.75% | Wells Fargo | Elyse Greenspan | — | Downgrade | Overweight → Equal-Weight | Get Alert |
| 08/13/2021 | Buy Now | -92.07% | Truist Securities | Youssef Squali | — | Downgrade | Buy → Hold | Get Alert |
FAQ
What is the target price for Root (ROOT) stock?
The latest price target for Root (NASDAQ:ROOT) was reported by TD Cowen on June 5, 2024. The analyst firm set a price target for $51.00 expecting ROOT to fall to within 12 months (a possible -32.63% downside). 15 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Root (ROOT)?
The latest analyst rating for Root (NASDAQ:ROOT) was provided by TD Cowen, and Root maintained their hold rating.
When was the last upgrade for Root (ROOT)?
The last upgrade for Root Inc happened on March 1, 2024 when Jefferies raised their price target to $40. Jefferies previously had a hold for Root Inc.
When was the last downgrade for Root (ROOT)?
The last downgrade for Root Inc happened on February 24, 2023 when Cantor Fitzgerald changed their price target from $22 to $6 for Root Inc.
When is the next analyst rating going to be posted or updated for Root (ROOT)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Root, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Root was filed on June 5, 2024 so you should expect the next rating to be made available sometime around June 5, 2025.
Is the Analyst Rating Root (ROOT) correct?
While ratings are subjective and will change, the latest Root (ROOT) rating was a maintained with a price target of $11.00 to $51.00. The current price Root (ROOT) is trading at is $75.70, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.