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NASDAQ: ROOT
Root Inc Stock Forecast, Predictions & Price Target

Analyst price target for ROOT

Based on 6 analysts offering 12 month price targets for Root Inc.
Min Forecast
$10.00-60.32%
Avg Forecast
$13.17-47.75%
Max Forecast
$22.00-12.7%

Should I buy or sell ROOT stock?

Based on 6 analysts offering ratings for Root Inc.
Buy
Strong Buy
1 analysts 16.67%
Buy
1 analysts 16.67%
Hold
4 analysts 66.67%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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ROOT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-02-26
lockedlocked$00.00+00.00%2024-02-23
lockedlocked$00.00+00.00%2024-02-22
lockedlocked$00.00+00.00%2024-02-22
lockedlocked$00.00+00.00%2023-10-06
UBS
Top 8%
93
HoldMaintains$10.00-60.32%2023-08-28

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Forecast return on equity

Is ROOT forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
35.69%

Forecast return on assets

Is ROOT forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

ROOT revenue forecast

What is ROOT's revenue in the next 3 years based on estimates from 1 analyst?
Avg 1 year Forecast
$609.0M+33.85%
Avg 2 year Forecast
$778.0M+70.99%
Avg 3 year Forecast
$893.0M+96.26%
ROOT's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ROOT revenue growth forecast

How is ROOT forecast to perform vs Insurance - Property & Casualty companies and vs the US market?
Company
25.62%
Industry
24.42%
Market
11.2%
ROOT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ROOT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ROOT vs Property & Casualty Insurance Stocks

TickerPricePrice TargetUp/downsideConsensus
ROOT$25.20$13.17-47.75%Buy
GBLI$29.73N/AN/A
NODK$13.99N/AN/A
DGICA$13.97N/AN/A
HRTG$7.17$7.67+6.93%Buy

Root Stock Forecast FAQ

Is Root Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 6 Wall Street analysts covering (NASDAQ: ROOT) stock is to Buy ROOT stock.

Out of 6 analysts, 1 (16.67%) are recommending ROOT as a Strong Buy, 1 (16.67%) are recommending ROOT as a Buy, 4 (66.67%) are recommending ROOT as a Hold, 0 (0%) are recommending ROOT as a Sell, and 0 (0%) are recommending ROOT as a Strong Sell.

If you're new to stock investing, here's how to buy Root stock.

What is ROOT's revenue growth forecast for 2024-2026?

(NASDAQ: ROOT) Root's forecast annual revenue growth rate of 25.62% is forecast to beat the US Insurance - Property & Casualty industry's average forecast revenue growth rate of 24.42%, and it is also forecast to beat the US market's average forecast revenue growth rate of 11.2%.

Root's revenue in 2024 is $455,000,000.On average, 1 Wall Street analysts forecast ROOT's revenue for 2024 to be $8,891,400,000, with the lowest ROOT revenue forecast at $8,891,400,000, and the highest ROOT revenue forecast at $8,891,400,000. On average, 1 Wall Street analysts forecast ROOT's revenue for 2025 to be $11,358,800,000, with the lowest ROOT revenue forecast at $11,358,800,000, and the highest ROOT revenue forecast at $11,358,800,000.

In 2026, ROOT is forecast to generate $13,037,800,000 in revenue, with the lowest revenue forecast at $13,037,800,000 and the highest revenue forecast at $13,037,800,000.

What is ROOT's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: ROOT) forecast ROA is N/A, which is lower than the forecast US Insurance - Property & Casualty industry average of N/A.

What is ROOT's Price Target?

According to 6 Wall Street analysts that have issued a 1 year ROOT price target, the average ROOT price target is $13.17, with the highest ROOT stock price forecast at $22.00 and the lowest ROOT stock price forecast at $10.00.

On average, Wall Street analysts predict that Root's share price could fall to $13.17 by Feb 26, 2025. The average Root stock price prediction forecasts a potential downside of 47.75% from the current ROOT share price of $25.20.

What is ROOT's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: ROOT) forecast ROE is N/A, which is considered weak.
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