Goosehead Insurance price target lowered to $80 from $88 at RBC Capital

RBC Capital lowered the firm’s price target on Goosehead Insurance to $80 from $88 and keeps an Outperform rating on the shares. The company’s Q1 results reflected continued market headwinds from personal lines carrier disruption and lower overall retention levels, and the softness could persist over the next few months, as reflected in the management’s 2024 revenue guidance revision, the analyst tells investors in a research note.