Although it’s impossible to solidify the broad range of opinion for insurance technology specialist Lemonade (LMND), the consensus may be that the business itself is intriguing. By streamlining insurance services through a quick and convenient app, Lemonade aligns with the sensibilities of millennials and Generation Z. However, the broader financial technology sector hasn’t exactly provided much confidence for LMND stock. Indeed, in most longer-term contexts, LMND stock appears a terrible investment. In the trailing six months, for example, shares gave up over 21% of equity value. In the trailing year, they slipped more than 36%. And since making its public market debut in 2020 – during the midst of peak coronavirus fears – Lemonade veritably cratered, bleeding out to the tune of 73.55%. With other names in the broader financial technology sphere not faring much better, skepticism arises quickly regarding the bullish potential of LMND stock. Piper Sandler ( PIPR ) analyst Arvind Ramnani may have summed up Lemonade the best, who lowered his price target to $19 from $20. Although Ramnani remains optimistic about Lemonade’s core product, he states 2023 may be a transition year . Essentially, management will focus on cross-selling insurance products and boosting profitability. In […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
