Root (ROOT) Stock Forecast, Price Target & Predictions
ROOT Stock Forecast
Root stock forecast is as follows: an average price target of $100.05 (represents a 144.26% upside from ROOT’s last price of $40.96) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
ROOT Price Target
The average price target for Root (ROOT) is $100.05 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $234.00 to $13.00. This represents a potential 144.26% upside from ROOT's last price of $40.96.
ROOT Analyst Ratings
According to 8 Wall Street analysts, Root's rating consensus is 'Buy'. The analyst rating breakdown for ROOT stock is 0 'Strong Buy' (0.00%), 4 'Buy' (50.00%), 4 'Hold' (50.00%), 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% | -68.26% |
| Aug 15, 2022 | - | Morgan Stanley | $37.26 | $17.00 | 119.18% | -9.03% |
| Aug 18, 2021 | Joshua Shanker | Bank of America Securities | $90.00 | $104.94 | -14.24% | 119.73% |
| Aug 13, 2021 | Phil Stefano | Deutsche Bank | $126.00 | $94.14 | 33.84% | 207.62% |
| Aug 12, 2021 | Josh Siegler | Cantor Fitzgerald | $144.00 | $99.72 | 44.40% | 251.56% |
| Apr 27, 2021 | Andrew Kligerman | Credit Suisse | $234.00 | $201.96 | 15.86% | 471.29% |
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 -68.26% decrease from ROOT last price ($40.96).
Root Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $13.00 |
| Last Closing Price | $40.96 | $40.96 | $40.96 |
| Upside/Downside | -100.00% | -100.00% | -68.26% |
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 $40.96. 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 |
|---|---|---|---|---|
| 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 |
Root's last stock rating was published by Keefe, Bruyette & Woods on Aug 16, 2024. The company gave ROOT a "Outperform" rating, the same as its previous rate.
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $115.30M | - | $70.10M | $71.30M | $73.70M | - | $85.40M | $93.20M | $93.80M | $89.80M | $68.60M | $50.90M | $50.50M |
| Avg Forecast | $366.53M | $352.37M | $340.91M | $325.51M | $331.07M | $320.46M | $307.45M | $295.71M | $282.43M | $275.33M | $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 | $407.58M | $391.83M | $379.09M | $361.97M | $368.15M | $356.36M | $341.88M | $328.83M | $314.06M | $306.17M | $294.46M | $226.83M | $147.37M | $147.40M | $146.01M | $143.56M | $149.45M | $164.56M | $158.90M | $163.90M | $153.67M | $183.24M | $76.57M | $176.19M | $157.55M | $174.74M |
| Low Forecast | $313.34M | $301.23M | $291.44M | $278.28M | $283.03M | $273.96M | $262.83M | $252.80M | $241.44M | $235.38M | $226.37M | $174.38M | $113.30M | $120.83M | $112.25M | $110.37M | $114.90M | $126.51M | $158.90M | $146.85M | $137.69M | $164.18M | $68.60M | $157.87M | $141.16M | $156.56M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | - | 0.54% | 0.53% | 0.50% | - | 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 $113.30M, and a high forecast of $147.37M. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $-45.80M | - | $-52.00M | $38.10M | $-51.80M | - | $-67.30M | $-214.50M | $-123.10M | $-168.40M | $-90.80M | $-83.50M | $-62.20M |
| Avg Forecast | $-299.25M | $-287.70M | $-278.34M | $-265.77M | $-270.31M | $-261.65M | $-251.02M | $-241.44M | $-230.59M | $-224.80M | $-216.20M | $-199.09M | $-108.21M | $-104.28M | $-107.20M | $-180.99M | $-109.73M | $-168.30M | $-129.74M | $-193.57M | $-259.19M | $-153.00M | $-108.96M | $-99.05M | $-82.32M | $-133.44M |
| High Forecast | $-255.83M | $-245.95M | $-237.95M | $-227.20M | $-231.08M | $-223.68M | $-214.59M | $-206.40M | $-197.13M | $-192.18M | $-184.82M | $-159.27M | $-92.50M | $-98.65M | $-91.64M | $-144.79M | $-93.81M | $-134.64M | $-129.74M | $-154.86M | $-207.35M | $-122.40M | $-87.17M | $-79.24M | $-65.86M | $-127.83M |
| Low Forecast | $-332.77M | $-319.92M | $-309.51M | $-295.54M | $-300.58M | $-290.95M | $-279.14M | $-268.48M | $-256.42M | $-249.98M | $-240.41M | $-238.91M | $-120.32M | $-120.35M | $-119.21M | $-217.19M | $-122.02M | $-201.95M | $-129.74M | $-232.29M | $-311.02M | $-183.59M | $-130.76M | $-118.87M | $-98.79M | $-142.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.44% | - | 0.29% | -0.35% | 0.31% | - | 0.35% | 0.83% | 0.80% | 1.55% | 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $-45.80M | - | $-16.00M | $90.10M | $900.00K | - | $-81.90M | $2.40M | $-133.00M | $-178.60M | $-99.60M | $-133.30M | $-85.20M |
| Avg Forecast | $3.23M | $-7.51M | $-8.42M | $-2.87M | $-461.60K | $-7.14M | $-6.11M | $-5.33M | $-8.07M | $-12.96M | $-20.84M | $-105.41M | $-42.30M | $-40.73M | $-45.08M | $-95.83M | $-71.20M | $-181.83M | $-107.18M | $-102.49M | $-132.80M | $-165.30M | $-115.56M | $-108.65M | $-131.42M | $-88.70M |
| High Forecast | $3.70M | $-6.10M | $-6.83M | $-2.33M | $-374.52K | $-5.79M | $-4.96M | $-4.33M | $-6.55M | $-9.56M | $-16.91M | $-84.33M | $-34.32M | $-35.33M | $-36.58M | $-76.66M | $-57.77M | $-145.46M | $-107.18M | $-81.99M | $-106.24M | $-132.24M | $-92.45M | $-86.92M | $-105.14M | $-83.85M |
| Low Forecast | $2.62M | $-8.61M | $-9.65M | $-3.29M | $-528.81K | $-8.17M | $-7.00M | $-6.11M | $-9.24M | $-16.36M | $-23.88M | $-126.49M | $-48.46M | $-48.03M | $-51.65M | $-114.99M | $-81.56M | $-218.20M | $-107.18M | $-122.99M | $-159.35M | $-198.36M | $-138.68M | $-130.39M | $-157.71M | $-96.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | - | 0.17% | -1.27% | -0.00% | - | 0.80% | -0.02% | 0.80% | 1.55% | 0.92% | 1.01% | 0.96% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $34.10M | - | $25.10M | $34.20M | $32.10M | - | $44.70M | $68.70M | $110.80M | $153.20M | $100.60M | $82.00M | $66.40M |
| Avg Forecast | $225.46M | $216.75M | $209.70M | $200.23M | $203.65M | $197.13M | $189.12M | $181.90M | $173.73M | $169.37M | $162.89M | $80.85M | $81.52M | $78.56M | $80.77M | $73.50M | $82.67M | $91.03M | $97.74M | $78.61M | $83.01M | $137.71M | $44.05M | $109.75M | $80.85M | $100.54M |
| High Forecast | $250.71M | $241.03M | $233.19M | $222.66M | $226.46M | $219.21M | $210.30M | $202.27M | $193.19M | $188.33M | $181.13M | $97.02M | $90.65M | $90.67M | $89.81M | $88.20M | $91.93M | $101.23M | $97.74M | $94.33M | $99.61M | $165.25M | $47.10M | $131.69M | $97.01M | $107.49M |
| Low Forecast | $192.74M | $185.30M | $179.27M | $171.18M | $174.10M | $168.52M | $161.68M | $155.50M | $148.52M | $144.79M | $139.25M | $64.68M | $69.69M | $74.33M | $69.05M | $58.80M | $70.68M | $77.82M | $97.74M | $62.89M | $66.41M | $110.17M | $42.20M | $87.80M | $64.68M | $96.31M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | - | 0.34% | 0.41% | 0.35% | - | 0.57% | 0.83% | 0.80% | 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 $69.69M to $90.65M. 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | - | 1 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $-3.16 | - | $-1.13 | $6.39 | $0.06 | - | $-5.86 | $0.17 | $-9.57 | $-12.92 | $-7.26 | $-9.60 | $-6.14 |
| Avg Forecast | $0.22 | $-0.50 | $-0.57 | $-0.19 | $-0.03 | $-0.48 | $-0.41 | $-0.36 | $-0.54 | $-0.87 | $-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 | $0.25 | $-0.41 | $-0.46 | $-0.16 | $-0.03 | $-0.39 | $-0.33 | $-0.29 | $-0.44 | $-0.64 | $-1.14 | $-1.98 | $-2.30 | $-2.37 | $-2.45 | $-2.92 | $-3.88 | $-5.04 | $-7.34 | $-7.23 | $-8.13 | $-11.81 | $-8.55 | $-7.59 | $-11.97 | $-5.74 |
| Low Forecast | $0.18 | $-0.58 | $-0.65 | $-0.22 | $-0.04 | $-0.55 | $-0.47 | $-0.41 | $-0.62 | $-1.10 | $-1.60 | $-2.80 | $-3.25 | $-3.22 | $-3.47 | $-4.13 | $-5.47 | $-7.12 | $-7.34 | $-8.34 | $-9.38 | $-13.62 | $-9.85 | $-8.75 | $-13.80 | $-6.62 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | - | 0.31% | -1.34% | -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 $-4.13 and a high estimate of $-2.92. 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 | $40.96 | $100.05 | 144.26% | Buy |
| PRA | ProAssurance | $13.30 | $18.50 | 39.10% | Buy |
| KMPR | Kemper | $61.25 | $71.00 | 15.92% | Buy |
| HMN | Horace Mann Educators | $34.08 | $38.50 | 12.97% | Strong Buy |
| HCI | HCI Group | $105.88 | $110.00 | 3.89% | Buy |
| SIGI | Selective Insurance Group | $92.17 | $92.20 | 0.03% | Hold |
| RLI | RLI | $153.27 | $152.67 | -0.39% | Buy |
| HRTG | Heritage Insurance | $15.61 | $12.50 | -19.92% | Buy |
| UIHC | United Insurance | $7.93 | $1.90 | -76.04% | Sell |
ROOT Forecast FAQ
Is Root a good buy?
Yes, according to 8 Wall Street analysts, Root (ROOT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 50.00% of ROOT's total ratings.
What is ROOT's price target?
Root (ROOT) average price target is $100.05 with a range of $13 to $234, implying a 144.26% from its last price of $40.96. The data is based on 8 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 144.26% (from the last price of $40.96 to the average price target of $100.05), up by 471.29% based on the highest stock price target, and down by -68.26% based on the lowest stock price target.
Can Root stock reach $60?
ROOT's average twelve months analyst stock price target of $100.05 supports the claim that Root can reach $60 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 $1.25B (high $1.4B, low $1.07B), average EBITDA is $-1.024B (high $-876M, low $-1.139B), average net income is $-19.045M (high $-15.452M, low $-21.817M), average SG&A $771.8M (high $858.24M, low $659.8M), and average EPS is $-1.278 (high $-1.037, low $-1.464). ROOT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.39B (high $1.54B, low $1.18B), average EBITDA is $-1.131B (high $-967M, low $-1.258B), average net income is $-15.576M (high $-11.558M, low $-18.923M), average SG&A $852.15M (high $947.59M, low $728.49M), and average EPS is $-1.045 (high $-0.776, low $-1.27).
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 $-601M by -58.54%. The company's net income was $6.2M, missing the average estimation of $-463M by -101.34%. Apple's SG&A was $175.4M, missing the average forecast of $350.06M by -49.89%. 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 $-104M by -56.08%. Root's net income was $-45.8M, beating the average estimation of $-40.728M by 12.45%. 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%