Root (ROOT) Stock Forecast, Price Target & Predictions

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ROOT Stock Forecast

Root stock forecast is as follows: an average price target of $100.20 (represents a 36.85% upside from ROOT’s last price of $73.22) and a rating consensus of 'Hold', based on 7 wall street analysts offering a 1-year stock forecast.

ROOT Price Target

The average price target for Root (ROOT) is $100.20 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $234.00 to $13.00. This represents a potential 36.85% upside from ROOT's last price of $73.22.

ROOT Analyst Ratings

Hold

According to 7 Wall Street analysts, Root's rating consensus is 'Hold'. The analyst rating breakdown for ROOT stock is 0 'Strong Buy' (0.00%), 3 'Buy' (42.86%), 4 'Hold' (57.14%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Root Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Feb 22, 2024	Josh Siegler	Cantor Fitzgerald	$13.00	$13.29	-2.18%	-82.25%
Aug 15, 2022		Morgan Stanley	$37.98	$17.28	119.79%	-48.13%
Aug 18, 2021	Joshua Shanker	Bank of America Securities	$90.00	$104.94	-14.24%	22.92%
Aug 13, 2021	Phil Stefano	Deutsche Bank	$126.00	$94.14	33.84%	72.08%
Aug 12, 2021	Josh Siegler	Cantor Fitzgerald	$144.00	$99.72	44.40%	96.67%
Apr 27, 2021	Andrew Kligerman	Credit Suisse	$234.00	$201.96	15.86%	219.58%

The latest Root stock forecast, released on Feb 22, 2024 by Josh Siegler from Cantor Fitzgerald, set a price target of $13.00, which represents a -2.18% decrease from the stock price at the time of the forecast ($13.29), and a -82.25% decrease from ROOT last price ($73.22).

Root Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$13.00
Last Closing Price	$73.22	$73.22	$73.22
Upside/Downside	-100.00%	-100.00%	-82.25%

In the current month, the average price target of Root stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Root's last price of $73.22. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Nov 22, 2024	JMP Securities	Outperform	Perform	Downgrade
Aug 16, 2024	Keefe, Bruyette & Woods	Outperform	Outperform	Hold
Aug 08, 2024	Jefferies	Buy	Buy	Hold
Jun 05, 2024	Wells Fargo	Equal-Weight	Equal-Weight	Hold
Jun 05, 2024	Cowen & Co.	Hold	Hold	Hold
May 07, 2024	Wells Fargo	Buy	Buy	Hold
May 07, 2024	Keefe, Bruyette & Woods	Underperform	Underperform	Hold
May 01, 2024	JMP Securities	Outperform	Outperform	Hold
May 01, 2024	Wells Fargo	Equal-Weight	Equal-Weight	Hold
Apr 24, 2024	Keefe, Bruyette & Woods	Outperform	Outperform	Hold
Mar 01, 2024	Jefferies		Buy	Upgrade
Feb 26, 2024	Keefe, Bruyette & Woods	Market Perform	Outperform	Upgrade
Feb 22, 2024	Cantor Fitzgerald		Overweight	Upgrade
Aug 23, 2023	Citigroup	Neutral	Neutral	Hold
Feb 24, 2023	JMP Securities	Market Outperform	Market Outperform	Hold
Nov 17, 2022	Keefe, Bruyette & Woods		Market Perform	Initialise
Oct 18, 2022	JMP Securities	Outperform	Outperform	Hold
Aug 15, 2022	Morgan Stanley	Equal-Weight	Equal-Weight	Hold

Root's last stock rating was published by JMP Securities on Nov 22, 2024. The company Downgrade its ROOT rating from "Outperform" to "Perform".

Root Financial Forecast

Root Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$115.30M	-	$70.10M	$71.30M	$73.70M	$80.40M	$85.40M	$93.20M	$93.80M	$89.80M	$68.60M	$50.90M	$50.50M
Avg Forecast	$363.37M	$343.95M	$332.48M	$317.18M	$325.06M	$314.42M	$305.99M	$296.39M	$291.24M	$272.77M	$264.80M	$203.99M	$132.53M	$127.72M	$131.30M	$129.10M	$134.40M	$147.99M	$158.90M	$153.30M	$143.73M	$171.39M	$71.62M	$164.80M	$147.36M	$163.44M
High Forecast	$384.77M	$364.21M	$352.06M	$335.86M	$344.20M	$332.94M	$324.02M	$313.84M	$308.39M	$275.84M	$264.80M	$203.99M	$140.33M	$147.40M	$139.03M	$136.70M	$142.32M	$147.99M	$158.90M	$153.30M	$143.73M	$171.39M	$71.62M	$164.80M	$147.36M	$163.44M
Low Forecast	$342.53M	$324.22M	$313.41M	$298.99M	$306.42M	$296.39M	$288.45M	$279.39M	$274.54M	$269.71M	$264.80M	$203.99M	$124.93M	$120.83M	$123.77M	$121.70M	$126.69M	$147.99M	$158.90M	$153.30M	$143.73M	$171.39M	$71.62M	$164.80M	$147.36M	$163.44M
# Analysts	1	1	1	1	1	1	1	2	3	1	1	1	1	5	4	4	3	3	3	3	4	4	4	4	4	4
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.90%	-	0.54%	0.53%	0.50%	0.51%	0.56%	0.65%	0.55%	1.25%	0.42%	0.35%	0.31%

Root's average Quarter revenue forecast for Dec 23 based on 1 analysts is $132.53M, with a low forecast of $124.93M, and a high forecast of $140.33M. ROOT's average Quarter revenue forecast represents a 14.94% increase compared to the company's last Quarter revenue of $115.30M (Sep 23).

Root EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	2	3	1	1	1	1	5	4	4	3	3	3	3	4	4	4	4	4	4
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$-45.80M	-	$-52.00M	$38.10M	$-51.80M	$-168.30M	$-67.30M	$-214.50M	$-123.10M	$-168.40M	$-90.80M	$-83.50M	$-62.20M
Avg Forecast	$-266.01M	$-251.79M	$-243.40M	$-232.20M	$-237.96M	$-230.18M	$-224.01M	$-216.98M	$-213.21M	$-199.69M	$-193.85M	$-199.09M	$-97.02M	$-93.50M	$-96.12M	$-180.99M	$-327.87M	$-120.83M	$-129.74M	$-193.57M	$-117.35M	$-139.94M	$-58.47M	$-99.05M	$-82.32M	$-133.44M
High Forecast	$-250.76M	$-237.35M	$-229.44M	$-218.88M	$-224.32M	$-216.98M	$-211.16M	$-204.53M	$-200.98M	$-197.45M	$-193.85M	$-159.27M	$-91.46M	$-88.46M	$-90.61M	$-144.79M	$-262.30M	$-120.83M	$-129.74M	$-154.86M	$-117.35M	$-139.94M	$-58.47M	$-79.24M	$-65.86M	$-133.44M
Low Forecast	$-281.68M	$-266.62M	$-257.73M	$-245.87M	$-251.98M	$-243.74M	$-237.20M	$-229.75M	$-225.76M	$-201.93M	$-193.85M	$-238.91M	$-102.73M	$-107.91M	$-101.78M	$-217.19M	$-393.45M	$-120.83M	$-129.74M	$-232.29M	$-117.35M	$-139.94M	$-58.47M	$-118.87M	$-98.79M	$-133.44M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.49%	-	0.29%	-0.12%	0.43%	1.30%	0.35%	1.83%	0.88%	2.88%	0.92%	1.01%	0.47%

4 analysts predict ROOT's average Quarter EBITDA for Mar 23 to be $-180.99M, with a high of $-144.79M and a low of $-217.19M. This is -575.04% lower than Root's previous annual EBITDA (Dec 22) of $38.10M.

Root Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	2	3	1	1	1	1	5	4	4	3	3	3	3	4	4	4	4	4	4
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$-45.80M	-	$-16.00M	$90.10M	$900.00K	$700.00K	$-81.90M	$2.40M	$-133.00M	$-178.60M	$-99.60M	$-133.30M	$-85.20M
Avg Forecast	$5.78M	$-1.77M	$-3.85M	$1.13M	$413.15K	$-5.70M	$-6.31M	$-1.52M	$-8.72M	$-15.68M	$-23.64M	$-105.41M	$-47.98M	$-46.19M	$-51.13M	$-95.83M	$-167.99M	$-92.56M	$-109.38M	$-102.49M	$-128.21M	$-186.16M	$-134.69M	$-108.65M	$-131.42M	$-90.52M
High Forecast	$6.23M	$-1.64M	$-3.56M	$1.22M	$444.79K	$-5.27M	$-5.84M	$-1.40M	$-8.07M	$-14.51M	$-21.88M	$-84.33M	$-44.41M	$-40.07M	$-47.32M	$-76.66M	$-134.39M	$-92.56M	$-109.38M	$-81.99M	$-128.21M	$-186.16M	$-134.69M	$-86.92M	$-105.14M	$-90.52M
Low Forecast	$5.35M	$-1.91M	$-4.15M	$1.05M	$382.35K	$-6.13M	$-6.80M	$-1.63M	$-9.38M	$-16.88M	$-25.45M	$-126.49M	$-51.66M	$-54.47M	$-55.05M	$-114.99M	$-201.58M	$-92.56M	$-109.38M	$-122.99M	$-128.21M	$-186.16M	$-134.69M	$-130.39M	$-157.71M	$-90.52M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.99%	-	0.17%	-0.54%	-0.01%	-0.01%	0.80%	-0.02%	0.71%	1.33%	0.92%	1.01%	0.94%

Root's average Quarter net income forecast for Mar 23 is $-95.83M, with a range of $-114.99M to $-76.66M. ROOT's average Quarter net income forecast represents a -206.36% decrease compared to the company's last Quarter net income of $90.10M (Dec 22).

Root SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	2	3	1	1	1	1	5	4	4	3	3	3	3	4	4	4	4	4	4
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$34.10M	-	$25.10M	$34.20M	$32.10M	$55.30M	$44.70M	$68.70M	$110.80M	$153.20M	$100.60M	$82.00M	$66.40M
Avg Forecast	$223.52M	$211.57M	$204.52M	$195.11M	$199.95M	$193.41M	$188.23M	$182.32M	$179.15M	$167.79M	$162.89M	$80.85M	$81.52M	$78.56M	$80.77M	$73.50M	$105.01M	$91.03M	$97.74M	$78.61M	$88.41M	$105.43M	$44.05M	$109.75M	$80.85M	$100.54M
High Forecast	$236.68M	$224.03M	$216.56M	$206.60M	$211.73M	$204.80M	$199.31M	$193.05M	$189.70M	$169.68M	$162.89M	$97.02M	$86.32M	$90.67M	$85.52M	$88.20M	$126.01M	$91.03M	$97.74M	$94.33M	$88.41M	$105.43M	$44.05M	$131.69M	$97.01M	$100.54M
Low Forecast	$210.70M	$199.44M	$192.79M	$183.92M	$188.49M	$182.32M	$177.43M	$171.86M	$168.88M	$165.91M	$162.89M	$64.68M	$76.85M	$74.33M	$76.13M	$58.80M	$84.01M	$91.03M	$97.74M	$62.89M	$88.41M	$105.43M	$44.05M	$87.80M	$64.68M	$100.54M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.43%	-	0.34%	0.33%	0.35%	0.57%	0.57%	0.78%	1.05%	3.48%	0.92%	1.01%	0.66%

Root's average Quarter SG&A projection for Dec 23 is $81.52M, based on 1 Wall Street analysts, with a range of $76.85M to $86.32M. The forecast indicates a 139.07% rise compared to ROOT last annual SG&A of $34.10M (Sep 23).

Root EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
# Analysts	1	1	1	1	1	1	1	2	3	1	1	1	1	5	4	4	3	3	3	3	4	4	4	4	4	4
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	$-3.16	-	$-1.13	$6.39	$0.06	$0.05	$-5.86	$0.17	$-9.57	$-12.92	$-7.26	$-9.60	$-6.14
Avg Forecast	$0.34	$-0.10	$-0.23	$0.07	$0.02	$-0.34	$-0.37	$-0.09	$-0.52	$-0.93	$-1.40	$-2.44	$-2.84	$-2.73	$-3.03	$-3.60	$-4.78	$-6.21	$-7.34	$-7.65	$-8.60	$-12.49	$-9.04	$-8.02	$-12.67	$-6.08
High Forecast	$0.37	$-0.10	$-0.21	$0.07	$0.03	$-0.31	$-0.35	$-0.08	$-0.48	$-0.86	$-1.29	$-2.26	$-2.63	$-2.37	$-2.80	$-3.33	$-4.42	$-6.21	$-7.34	$-7.65	$-8.60	$-12.49	$-9.04	$-8.02	$-12.67	$-6.08
Low Forecast	$0.32	$-0.11	$-0.25	$0.06	$0.02	$-0.36	$-0.40	$-0.10	$-0.56	$-1.00	$-1.51	$-2.63	$-3.06	$-3.22	$-3.26	$-3.88	$-5.14	$-6.21	$-7.34	$-7.65	$-8.60	$-12.49	$-9.04	$-8.02	$-12.67	$-6.08
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.16%	-	0.31%	-1.34%	-0.01%	-0.01%	0.77%	-0.02%	0.77%	1.43%	0.90%	0.76%	1.01%

According to 4 Wall Street analysts, Root's projected average Quarter EPS for Mar 23 is $-3.60, with a low estimate of $-3.88 and a high estimate of $-3.33. This represents a -156.36% decrease compared to ROOT previous annual EPS of $6.39 (Dec 22).

Root Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
ROOT	Root	$77.91	$100.20	28.61%	Hold
HCI	HCI Group	$112.25	$137.00	22.05%	Buy
KMPR	Kemper	$66.14	$77.50	17.18%	Buy
PRA	ProAssurance	$16.44	$19.00	15.57%	Buy
RLI	RLI	$166.88	$172.33	3.27%	Buy
HRTG	Heritage Insurance	$12.14	$12.50	2.97%	Buy
SIGI	Selective Insurance Group	$95.30	$97.75	2.57%	Buy
HMN	Horace Mann Educators	$40.39	$38.50	-4.68%	Strong Buy

ROOT Forecast FAQ

Is Root a good buy?

No, according to 7 Wall Street analysts, Root (ROOT) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 42.86% of ROOT's total ratings.

What is ROOT's price target?

Root (ROOT) average price target is $100.2 with a range of $13 to $234, implying a 36.85% from its last price of $73.22. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Root stock go up soon?

According to Wall Street analysts' prediction for ROOT stock, the company can go up by 36.85% (from the last price of $73.22 to the average price target of $100.2), up by 219.58% based on the highest stock price target, and down by -82.25% based on the lowest stock price target.

Can Root stock reach $110?

ROOT's highest twelve months analyst stock price target of $234 supports the claim that Root can reach $110 in the near future.

What are Root's analysts' financial forecasts?

Root's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.24B (high $1.32B, low $1.17B), average EBITDA is $-909M (high $-857M, low $-963M), average net income is $-13.111M (high $-12.071M, low $-14.177M), average SG&A $763.91M (high $808.9M, low $720.1M), and average EPS is $-0.776 (high $-0.714, low $-0.839). ROOT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.36B (high $1.44B, low $1.28B), average EBITDA is $-993M (high $-936M, low $-1.052B), average net income is $1.29M (high $2.24M, low $347.09K), average SG&A $834.72M (high $883.88M, low $786.85M), and average EPS is $0.0765 (high $0.133, low $0.0205).

Did the ROOT's actual financial results beat the analysts' financial forecasts?

Based on Root's last annual report (Dec 2022), the company's revenue was $310.8M, which missed the average analysts forecast of $594.59M by -47.73%. Apple's EBITDA was $-249M, missing the average prediction of $-772M by -67.71%. The company's net income was $6.2M, missing the average estimation of $-472M by -101.31%. Apple's SG&A was $175.4M, missing the average forecast of $372.4M by -52.90%. Lastly, the company's EPS was $0.44, missing the average prediction of $-25.981 by -101.69%. In terms of the last quarterly report (Sep 2023), Root's revenue was $115.3M, missing the average analysts' forecast of $127.72M by -9.72%. The company's EBITDA was $-45.8M, missing the average prediction of $-93.497M by -51.01%. Root's net income was $-45.8M, missing the average estimation of $-46.195M by -0.85%. The company's SG&A was $34.1M, missing the average forecast of $78.56M by -56.60%. Lastly, the company's EPS was $-3.16, beating the average prediction of $-2.733 by 15.61%