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Root - ROOT Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $15.88
  • Forecasted Upside: -74.17%
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 5 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
$61.45 As of 04/16/2024 12:12 PM ET
▼ -2 (-3.15%)

This chart shows the closing price for ROOT by one month, three months, or twelve months.

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Analyst Price Target for ROOT

Analyst Price Target is $15.88
▼ -74.17% Downside Potential
This price target is based on 9 analysts offering 12 month price targets for Root in the last 3 months. The average price target is $15.88, with a high forecast of $40.00 and a low forecast of $3.00. The average price target represents a -74.17% upside from the last price of $61.45.

This chart shows the closing price for ROOT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 9 investment analysts is to hold stock in Root. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
10/24/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
1/22/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
4/22/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
7/21/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
10/19/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
1/17/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
3/17/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
4/16/2024

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/15/2024JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$15.00Low
3/1/2024Jefferies Financial GroupUpgradeHold ➝ Buy$10.00 ➝ $40.00Low
2/26/2024Keefe, Bruyette & WoodsUpgradeMarket Perform ➝ Outperform$10.00 ➝ $22.00Low
2/23/2024CitigroupBoost TargetNeutral ➝ Neutral$11.00 ➝ $12.00Low
2/22/2024Wells Fargo & CompanyBoost TargetEqual Weight ➝ Equal Weight$11.00 ➝ $12.00Low
2/22/2024Cantor FitzgeraldUpgradeNeutral ➝ Overweight$9.00 ➝ $13.00Low
1/10/2024TD CowenInitiated CoverageMarket PerformLow
10/6/2023Jefferies Financial GroupLower TargetHold ➝ Hold$11.00 ➝ $10.00Low
9/19/2023Royal Bank of CanadaReiterated RatingSector Perform ➝ Sector Perform$3.00Low
8/28/2023UBS GroupBoost TargetNeutral ➝ Neutral$6.00 ➝ $10.00Low
8/23/2023CitigroupBoost TargetNeutral ➝ Neutral$5.00 ➝ $11.00Low
4/10/2023Jefferies Financial GroupLower TargetHold$4.50 ➝ $4.00Low
4/5/2023Wells Fargo & CompanyLower TargetEqual Weight$7.00 ➝ $6.00Low
2/27/2023BarclaysLower TargetUnderweight$8.00 ➝ $5.50Low
2/24/2023JMP SecuritiesLower TargetMarket Outperform$20.00 ➝ $15.00Low
2/23/2023Cantor FitzgeraldDowngradeOverweight ➝ Neutral$22.00 ➝ $6.00Low
1/18/2023Wells Fargo & CompanyLower TargetEqual Weight$9.00 ➝ $6.00Low
1/17/2023JMP SecuritiesLower TargetMarket Outperform$25.00 ➝ $20.00Low
12/14/2022CitigroupInitiated CoverageNeutralLow
11/22/2022Morgan StanleyLower TargetEqual Weight$20.93 ➝ $8.50Low
11/17/2022Keefe, Bruyette & WoodsInitiated CoverageMarket Perform$9.00Low
11/16/2022UBS GroupLower Target$9.00Low
11/15/2022Truist FinancialLower Target$22.50 ➝ $9.00Low
11/11/2022BarclaysLower TargetUnderweight$17.00 ➝ $8.00Low
10/18/2022JMP SecuritiesLower TargetMarket Outperform$90.00 ➝ $25.00Low
10/12/2022Wells Fargo & CompanyLower TargetEqual Weight$25.00 ➝ $10.00Low
9/6/2022UBS GroupLower Target$15.00Low
8/31/2022UBS GroupLower Target$36.00 ➝ $15.00Low
8/19/2022Morgan StanleyLower TargetEqual Weight$37.26 ➝ $20.93Low
8/19/2022Cantor FitzgeraldBoost Target$6.00 ➝ $30.00Low
8/16/2022BarclaysBoost TargetUnderweight$17.00Low
8/15/2022Morgan StanleyBoost TargetEqual Weight$37.26N/A
8/10/2022Wells Fargo & CompanyLower TargetEqual Weight$54.00 ➝ $25.20Low
7/22/2022Credit Suisse GroupLower Target$32.40Low
7/12/2022Jefferies Financial GroupLower TargetHold$36.00 ➝ $22.50Low
3/3/2022Morgan StanleyLower TargetEqual Weight$126.00 ➝ $37.26High
2/28/2022UBS GroupLower TargetNeutral$108.00 ➝ $36.00Low
2/28/2022BarclaysLower TargetUnderweight$54.00 ➝ $27.00Low
1/4/2022Wells Fargo & CompanyLower TargetEqual Weight$108.00 ➝ $90.00Medium
11/18/2021Jefferies Financial GroupInitiated CoverageHold$99.00Low
11/15/2021BarclaysDowngradeEqual Weight ➝ Underweight$90.00 ➝ $54.00High
8/23/2021CitigroupLower TargetNeutral$207.00 ➝ $108.00Low
8/19/2021Morgan StanleyLower TargetPositive ➝ Equal Weight$252.00 ➝ $126.00Low
8/16/2021Wolfe ResearchInitiated CoveragePeer Perform$90.00Low
8/16/2021JMP SecuritiesLower TargetPositive ➝ Outperform$540.00 ➝ $216.00High
8/13/2021BarclaysLower TargetEqual Weight$144.00 ➝ $108.00High
8/13/2021Cantor FitzgeraldLower TargetPositive ➝ Overweight$378.00 ➝ $144.00High
8/13/2021Truist FinancialDowngradeBuy ➝ Hold$324.00 ➝ $108.00Medium
8/13/2021Wells Fargo & CompanyDowngradeOverweight ➝ Equal Weight$288.00 ➝ $126.00High
7/9/2021Wells Fargo & CompanyLower TargetOverweight$324.00 ➝ $288.00Low
6/14/2021Royal Bank of CanadaBoost TargetSector Perform$54.00Low
5/25/2021CitigroupLower TargetNeutral$270.00 ➝ $207.00High
5/4/2021Cantor FitzgeraldReiterated RatingOverweightHigh
4/28/2021Credit Suisse GroupInitiated CoverageNeutral$234.00Low
4/16/2021Morgan StanleyLower TargetEqual Weight$414.00 ➝ $252.00Medium
3/10/2021CitigroupLower Target$360.00 ➝ $270.00Medium
3/9/2021Bank of AmericaInitiated CoverageUnderperform$162.00High
12/18/2020Credit Suisse GroupInitiated CoverageNeutral$234.00High
12/2/2020Wells Fargo & CompanyReiterated RatingBuy$486.00High
11/23/2020Smith Barney CitigroupInitiated CoverageNeutral$360.00High
11/23/2020BarclaysInitiated CoverageEqual Weight$396.00High
11/23/2020Truist FinancialInitiated CoverageBuy$468.00High
11/23/2020UBS GroupInitiated CoverageNeutralHigh
11/23/2020Deutsche Bank AktiengesellschaftInitiated CoverageHold$360.00High
11/23/2020JMP SecuritiesInitiated CoverageOutperform$540.00High
11/23/2020Morgan StanleyInitiated CoverageEqual Weight$414.00High
11/23/2020Cantor FitzgeraldInitiated CoverageOverweight$504.00High
11/23/2020Wells Fargo & CompanyInitiated CoverageOverweight$486.00High
11/23/2020Evercore ISIInitiated CoverageIn-Line$432.00High
11/22/2020The Goldman Sachs GroupInitiated CoverageNeutral$360.00High
9/12/2019CIBCReiterated RatingNeutral ➝ Hold$63.00N/A
(Data available from 4/16/2019 forward)

News Sentiment Rating

0.61 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/19/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/19/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 2 negative mentions
  • 1 very negative mentions
Mentions as of
11/18/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/18/2023
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/17/2024
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/16/2024
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/17/2024
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/16/2024

Current Sentiment

  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Root logo
Root, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. It operates a direct-to-consumer model; and serves customers primarily through mobile applications, as well as through its website. The company's direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. Root, Inc. was incorporated in 2015 and is headquartered in Columbus, Ohio.
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Today's Range

Now: $61.45
Low: $60.34
High: $64.47

50 Day Range

MA: $41.14
Low: $7.35
High: $82.90

52 Week Range

Now: $61.45
Low: $3.63
High: $85.99

Volume

155,796 shs

Average Volume

662,839 shs

Market Capitalization

$897.17 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

2.85

Frequently Asked Questions

What sell-side analysts currently cover shares of Root?

The following sell-side analysts have issued research reports on Root in the last year: Cantor Fitzgerald, Citigroup Inc., Jefferies Financial Group Inc., JMP Securities, Keefe, Bruyette & Woods, Royal Bank of Canada, TD Cowen, UBS Group AG, and Wells Fargo & Company.
View the latest analyst ratings for ROOT.

What is the current price target for Root?

8 Wall Street analysts have set twelve-month price targets for Root in the last year. Their average twelve-month price target is $15.88, suggesting a possible downside of 74.2%. Jefferies Financial Group Inc. has the highest price target set, predicting ROOT will reach $40.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of $3.00 for Root in the next year.
View the latest price targets for ROOT.

What is the current consensus analyst rating for Root?

Root currently has 5 hold ratings and 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in ROOT, but not buy more shares or sell existing shares.
View the latest ratings for ROOT.

What other companies compete with Root?

Other companies that are similar to Root include Lemonade, HCI Group, Safety Insurance Group, Employers and AMERISAFE. Learn More about companies similar to Root.

How do I contact Root's investor relations team?

The company's listed phone number is 866-980-9431 and its investor relations email address is [email protected]. The official website for Root is joinroot.com. Learn More about contacing Root investor relations.