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What is Wall Street's Target Price for Lemonade Inc (LMND) Stock Friday?

Friday, March 22, 2024 12:08 PM | InvestorsObserver Analysts

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What is Wall Street's Target Price for Lemonade Inc (LMND) Stock Friday?

Analysts who follow Lemonade Inc (LMND) on average expect it to add 13.08% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns Lemonade Inc an Analyst Ranking of 4, which means it ranks higher than 4 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 2.8
Wall Street analysts are rating LMND a Hold today. Find out what this means to you and get the rest of the rankings on LMND!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Lemonade Inc Stock Today?

Lemonade Inc (LMND) stock is trading at $16.17 as of 12:04 PM on Friday, Mar 22, a drop of -$0.19, or -1.16% from the previous closing price of $16.36. The stock has traded between $16.16 and $16.61 so far today. Volume today is light. So far 386,715 shares have traded compared to average volume of 2,496,981 shares. Click Here to get the full Stock Report for Lemonade Inc stock.

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