Trupanion price target raised to $50 from $45 at Northland

Northland analyst Greg Gibas raised the firm’s price target on Trupanion (TRUP) to $50 from $45 and keeps a Market Perform rating on the shares after the company reported Q3 revenue that was ahead of the firm’s forecast and consensus expectations, primarily driven by stronger than expected performance in the other revenue segment. While increasing its price target the firm says it remains cautious as pet growth deceleration and weaker retention continued into Q3, which it attributes to higher pricing.