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Root Inc has a consensus price target of $47.9 based on the ratings of 11 analysts. The high is $90 issued by Keefe, Bruyette & Woods on November 5, 2024. The low is $5.5 issued by Barclays on February 27, 2023. The 3 most-recent analyst ratings were released by Keefe, Bruyette & Woods, UBS, and Wells Fargo on November 5, 2024, November 4, 2024, and November 1, 2024, respectively. With an average price target of $78.33 between Keefe, Bruyette & Woods, UBS, and Wells Fargo, there's an implied 6.98% upside for Root Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Root (NASDAQ:ROOT) was reported by JMP Securities on November 22, 2024. The analyst firm set a price target for $0.00 expecting ROOT to fall to within 12 months (a possible -100.00% downside). 22 analyst firms have reported ratings in the last year.
The latest analyst rating for Root (NASDAQ:ROOT) was provided by JMP Securities, and Root downgraded their market perform rating.
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.
The last downgrade for Root Inc happened on November 22, 2024 when JMP Securities changed their price target from N/A to N/A for Root Inc.
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 November 22, 2024 so you should expect the next rating to be made available sometime around November 22, 2025.
While ratings are subjective and will change, the latest Root (ROOT) rating was a downgraded with a price target of $0.00 to $0.00. The current price Root (ROOT) is trading at is $73.22, which is out of the analyst’s predicted range.
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