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Do Analysts Agree Tuesday on Root Inc (ROOT) Stock's Target Price?

Tuesday, January 31, 2023 03:44 PM | InvestorsObserver Analysts

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Do Analysts Agree Tuesday on Root Inc (ROOT) Stock's Target Price?

Analysts who follow Root Inc (ROOT) on average expect it to gain 104.78% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns ROOT an Analyst Ranking of 15, which means it ranks higher than 15 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.2
Wall Street analysts are rating ROOT a Buy today. Find out what this means to you and get the rest of the rankings on ROOT!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Root Inc Stock Today?

Root Inc (ROOT) stock is trading at $5.86 as of 3:44 PM on Tuesday, Jan 31, a rise of $0.23, or 4.09% from the previous closing price of $5.63. The stock has traded between $5.60 and $6.05 so far today. Volume today is 159,565 compared to average volume of 165,184. Click Here to get the full Stock Report for Root Inc stock.

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