Goosehead Insurance price target raised to $52 from $49 at RBC Capital

RBC Capital analyst Rowland Mayor raised the firm’s price target on Goosehead Insurance (GSHD) to $52 from $49 and keeps a Sector Perform rating on the shares after its Q1 earnings beat. The firm is positive on the continued roll-out of Goosehead Digital Agent 2.0 capabilities, which is now providing automated quote and bind capabilities on auto and home products. RBC adds, however, that it continues to need to see signs of clear acceleration in revenues attributable to the channel to become more positive on shares.