Root, Inc. (ROOT) PT Raised to $150 at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods analyst Tommy McJoynt raised the price target on Root, Inc. (NASDAQ: ROOT) to $150.00 (from $90.00) while maintaining an Outperform rating.

The analyst commented: "Into 1Q earnings, our highest-conviction insurtech name remains ROOT (OP) on the basis of still seeing significant upside to consensus estimates (we're $4/sh above consensus in aggregate '25E-'27E), potential PIF growth upside (via its embedded partnerships with Carvana and others), and its agility (size and technology) positions it well competitively facing tariff uncertainty (has only 415k policies across ~35 states). We took our ROOT estimates up, are introducing '27E at nearly $5/sh, and are raising our target to $150 (from $90)."

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