Wells Fargo raised the firm’s price target on Root (ROOT) to $105 from $97 and keeps an Equal Weight rating on the shares. The firm notes that the quarter lost a little luster with the tariff backdrop and Wells thinks a bigger focus will be on any views of tariffs/ensuring macro backdrop.
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Read More on ROOT:
- Root, HCA announces partnership to drive innovation in industry
- Root, Inc. Faces Regulatory Scrutiny as Florida Insurance Examination Looms
- Root, Inc. Achieves Profitability and Growth in Earnings Call
- Root price target raised to $97 from $80 at Wells Fargo
- Root, Inc. Achieves First Profitable Year in 2024
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