As previously reported, Piper Sandler analyst John Barnidge initiated coverage of Neptune Insurance (NP) with an Overweight rating and $33 price target The firm views Neptune as being on the vanguard of chapter 2.0 of insurtech. The company has a clearly defined moat, high profitability, B2B distribution and a truly disruptive tech platform, Piper adds. NFIP reform is “just gravy” for an attractive business, it argues.
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 NP: