Keefe Bruyette upgraded Neptune Insurance (NP) to Outperform from Market Perform with a price target of $25, down from $26, following the Q4 report. The firm cites valuation for the upgrade following the stock’s selloff on AI disruption fears over the last two weeks. Keefe expects upward estimate revisions and a valuation multiple rebound as the market recognizes Neptune “as a winner, regardless of whether AI actually reconfigures insurance distribution.”
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Read More on NP:
- Neptune Insurance reports Q4 adjusted EPS 42c vs 31c last year
- Neptune Insurance price target lowered to $23 from $30 at Raymond James
- Neptune Insurance Holdings, Inc. Class A (NP) Q4 Earnings Cheat Sheet
- Neptune Insurance upgraded to Outperform from Market Perform at BMO Capital
- Neptune Insurance price target raised to $32.50 from $30 at Goldman Sachs