Piper Sandler kept Lemonade Inc. (NYSE:LMND) at Neutral but raised its price target to $75, reflecting growing confidence as the insurer expands product availability—launching renters policies in Maine from $5/month—and emphasizes mobile-first quoting, buying, policy updates and claims handling to drive growth.
Previous Week Recap
- Piper Sandler Raises Target: Piper Sandler kept Lemonade Inc (LMND) at Neutral and raised its price target to $75 from $62, a $13 upward revision to the firm’s prior target.
- Lemonade Launches Maine Renters: Lemonade Inc. (LMND) launched renters insurance in Maine with plans from $5/month. Traders may note state expansion, mobile-only quoting, buying, policy updates and claims handling.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.