Root, Inc. (ROOT)
NASDAQ: ROOT · IEX Real-Time Price · USD
65.58
+3.77 (6.10%)
At close: May 17, 2024, 4:00 PM
66.45
+0.87 (1.33%)
After-hours: May 17, 2024, 7:48 PM EDT
Root, Inc. Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Root, Inc. stock have an average target of 46.14, with a low estimate of 10 and a high estimate of 90. The average target predicts a decrease of -29.64% from the current stock price of 65.58.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Root, Inc. stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 1 | 1 | 1 |
| Buy | 1 | 1 | 3 | 3 | 3 | 3 |
| Hold | 7 | 7 | 4 | 3 | 3 | 3 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 8 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $70 → $80 | Buy | Reiterates | $70 → $80 | +21.99% | May 7, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $64 → $78 | Hold | Maintains | $64 → $78 | +18.94% | May 1, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $15 → $90 | Buy | Maintains | $15 → $90 | +37.24% | May 1, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $22 → $70 | Buy | Reiterates | $22 → $70 | +6.74% | Apr 24, 2024 |
| JMP Securities | JMP Securities | Buy Reiterates $15 | Buy | Reiterates | $15 | -77.13% | Apr 15, 2024 |
Financial Forecast
Revenue This Year
939.89M
from 455.00M
Increased by 106.57%
Revenue Next Year
1.24B
from 939.89M
Increased by 31.93%
EPS This Year
-9.80
from -10.24
EPS Next Year
-7.28
from -9.80
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.1B | 1.4B | 1.6B | 1.7B |
| Avg | 939.9M | 1.2B | 1.5B | 1.7B |
| Low | 842.2M | 1.1B | 1.4B | 1.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 140.0% | 51.4% | 28.9% | 14.8% |
| Avg | 106.6% | 31.9% | 20.3% | 11.5% |
| Low | 85.1% | 19.1% | 10.0% | 7.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -8.67 | -5.66 | -2.81 |
| Avg | -9.80 | -7.28 | -5.07 |
| Low | -11.49 | -8.82 | -8.18 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.