Stock Track | Lemonade Soars 6.20% in Pre-Market on Price Target Upgrade by Piper Sandler

Stock Track11-21

Lemonade, Inc. (LMND) saw its stock soar 6.20% in the pre-market trading session on Thursday, November 21st, 2024. This significant upward movement comes after Piper Sandler raised its price target on the company's shares.

According to reports, Piper Sandler increased its price target on Lemonade from $25 to $44, while maintaining a Neutral rating on the stock. This price target upgrade appears to be the key driver behind Lemonade's pre-market surge.

While details regarding the rationale behind the price target revision remain limited, the move by Piper Sandler has clearly boosted investor confidence in Lemonade's prospects, leading to the substantial pre-market gains.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment