Piper Sandler analyst Paul Newsome lowered the firm’s price target on Goosehead Insurance (GSHD) to $60 from $69 and keeps an Overweight rating on the shares following one of the less controversial quarters for the company. Management highlighted its digital agent which has full binding authority which they believe is a first, but Piper notes that “as outsiders it’s rather hard to determine the uniqueness of technology for brokers.” Nevertheless, the development is a positive for the business, the firm argues.
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