Goosehead Insurance price target raised to $50 from $40 at Truist

Truist analyst Mark Hughes raised the firm’s price target on Goosehead Insurance to $50 from $40 but keeps a Hold rating on the shares. The analyst cites the company’s Q1 earnings beat and higher assumed profitability in coming quarters, though the firm also continues to believe that caution is appropriate as Goosehead’s business model continues to evolve.