Root, Inc. (ROOT)
NASDAQ: ROOT · IEX Real-Time Price · USD
77.03
-2.05 (-2.59%)
At close: Jul 19, 2024, 4:00 PM
77.06
+0.03 (0.04%)
Pre-market: Jul 22, 2024, 7:11 AM EDT
Root, Inc. Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Root, Inc. stock have an average target of 46.75, with a low estimate of 10 and a high estimate of 90. The average target predicts a decrease of -39.31% from the current stock price of 77.03.
Analyst Consensus: Buy
* Price targets were last updated on Jun 5, 2024.
Analyst Ratings
The average analyst rating for Root, Inc. stock from 8 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 4 | 3 | 3 | 3 | 4 | 4 |
| Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 7 | 7 | 7 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Hold Maintains $11 → $51 | Hold | Maintains | $11 → $51 | -33.79% | Jun 5, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $70 → $80 | Buy | Reiterates | $70 → $80 | +3.86% | May 7, 2024 |
| Wells Fargo | Wells Fargo | Hold Maintains $64 → $78 | Hold | Maintains | $64 → $78 | +1.26% | May 1, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $15 → $90 | Buy | Maintains | $15 → $90 | +16.84% | May 1, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Buy Reiterates $22 → $70 | Buy | Reiterates | $22 → $70 | -9.13% | Apr 24, 2024 |
Financial Forecast
Revenue This Year
1.11B
from 455.00M
Increased by 143.08%
Revenue Next Year
1.40B
from 1.11B
Increased by 26.31%
EPS This Year
-4.40
from -10.24
EPS Next Year
1.28
from -4.40
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.2B | 1.7B | 2.0B | 1.7B |
| Avg | 1.1B | 1.4B | 1.7B | 1.7B |
| Low | 977.5M | 1.2B | 1.4B | 1.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 173.4% | 54.6% | 44.9% | 2.2% |
| Avg | 143.1% | 26.3% | 20.0% | -0.7% |
| Low | 114.8% | 4.8% | 3.3% | -4.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -3.52 | 22.74 | 2.46 |
| Avg | -4.40 | 1.28 | -0.98 |
| Low | -5.86 | -3.23 | -2.21 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | 91.6% |
| 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.