Summary
- Lemonade Inc. (LMND, Financial) reaches a significant milestone with over $1 billion in In Force Premium (IFP), marking impressive 150% annual growth.
- The company is making strategic moves to penetrate the $7 billion car insurance market in Colorado.
- Analysts suggest a potential upside in LMND's stock price, with estimates reflecting varied price targets and a "Hold" recommendation.
Lemonade Inc. (LMND) has reached a significant milestone by surpassing $1 billion in In Force Premium (IFP), showcasing an impressive 150% annual growth rate. The company is continuing its expansion by extending its car insurance services to Colorado, targeting a substantial share of the $7 billion market. Lemonade's growth strategy is closely tied to its commitment to leveraging innovative technology and maintaining a strong customer focus.
Wall Street Analysts' Forecast for Lemonade
According to price targets provided by seven analysts, the average one-year price target for Lemonade Inc. (LMND, Financial) stands at $30.57, with projections ranging from a high of $60.00 to a low of $15.00. This average target indicates a potential upside of 21.70% from the current stock price of $25.12. For further information on estimates, visit the Lemonade Inc (LMND) Forecast page.
The consensus recommendation from ten brokerage firms for Lemonade Inc. (LMND, Financial) currently rates the stock at 3.4, classifying it as "Hold." This rating system ranges from 1 to 5, with 1 indicating a Strong Buy and 5 suggesting a Sell.
GuruFocus' proprietary estimates place the one-year GF Value for Lemonade Inc. (LMND, Financial) at $37.96. This suggests a promising upside of 51.11% from the existing price of $25.12. The GF Value offers an estimation of the stock's fair trading value, derived from historical trading multiples, past business growth, and projected future performance. More in-depth information can be found on the Lemonade Inc (LMND) Summary page.
