Cantor Fitzgerald Assumes Root, Inc. (ROOT) at Overweight, $21 PT

(Updated - May 3, 2021 5:12 PM EDT)

Cantor Fitzgerald analyst Josh Siegler assumes coverage on Root, Inc. (NASDAQ: ROOT) with an Overweight rating and a price target of $21.00.

Siegler sees a large TAM for ROOT and calls it a 'disruptor' in the antiquated auto insurance market.

The analyst sees the 60% decline from the October IPO high as providing an attractive entry point.

For an analyst ratings summary and ratings history on Root, Inc. click here. For more ratings news on Root, Inc. click here.

Shares of Root, Inc. closed at $10.77 yesterday.

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