Lemonade price target lowered to $80 from $85 at Citizens

Citizens lowered the firm’s price target on Lemonade (LMND) to $80 from $85 and keeps an Outperform rating on the shares. Lemonade delivered a strong Q1 with better-than-expected profitability, improving loss ratios, and accelerating premium growth across products and geographies, alongside clear gains in operating leverage as the business scales, the analyst tells investors in a research note. Momentum is supported by growth in key segments like Car and Pet insurance and increasing evidence that its AI-driven model is enhancing underwriting, efficiency, and customer acquisition, with profitability still targeted by late 2026, the firm says.