Goosehead Insurance initiated with an Outperform at TD Cowen

TD Cowen initiated coverage of Goosehead Insurance with an Outperform rating and $105 price target. Goosehead’s “extensive” carriers and referral partners, as well as its corporate agent and franchise recruiting efforts aimed at improving productivity, position the company for a 30% annual revenue growth through 2025, the analyst tells investors in a research note. The firm says these factors along with the company’s “innovative” technology should expand its EBITDA margins to 30% by 2027.