Lemonade (LMND): Assessing Valuation After a Sharp Share Price Surge and Ongoing Losses
Lemonade (LMND) has seen its share price more than double year-to-date, making it an intriguing insurance stock despite ongoing losses. While the market appears to be pricing in future growth, with shares trading above the average analyst price target and a narrative suggesting it's 30.3% overvalued, its AI-driven improvements could lead to faster profitability. As of its last closing at $75.07, Lemonade's valuation hinges on aggressive future revenue and earnings projections by 2028.
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