Piper Sandler lowered the firm’s price target on Goosehead Insurance (GSHD) to $79 from $92 and keeps a Neutral rating on the shares. The firm is adjusting price targets for some of its companies as a result of shifting peer group multiples over the last month or so. Broker multiples are generally lower. Carrier valuations are more mixed, Piper adds.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GSHD:
- Goosehead Insurance price target lowered to $85 from $90 at Truist
- Goosehead Insurance, Nan & Company expand strategic franchise arrangement
- Goosehead Insurance management to meet with Citizens JMP
- Goosehead Insurance price target lowered to $92 from $109 at Piper Sandler
- GooseHead Insurance Expands Leadership with New COO Appointment