Morgan Stanley raised its price target on Lemonade from $80 to $85 (+$5, +6.25%) last week, citing the promise of Lemonade's new autonomous car insurance product launched in January. The autonomous-insurance rollout underpins the analyst upgrade and implies modest upside to Lemonade's addressable market and growth narrative; expect limited but positive stock reaction.
Morgan Stanley raised its price target on Lemonade from $80 to $85 (+$5, +6.25%) last week, citing the promise of Lemonade's new autonomous car insurance product launched in January. The autonomous-insurance rollout underpins the analyst upgrade and implies modest upside to Lemonade's addressable market and growth narrative; expect limited but positive stock reaction.
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mildly positive
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