Trupanion price target lowered to $60 from $65 at Lake Street

Lake Street analyst Mark Argento lowered the firm’s price target on Trupanion (TRUP) to $60 from $65 and keeps a Buy rating on the shares following Q1 results that “show a strong start to the year.” The firm was “pleased to see another quarter of solid revenue growth and y/y improvement in operating margin,” but is trimming its price target based on overall multiple compression and near-term market volatility despite the “strong quarter, raised guidance, and continued margin improvement.”