JPMorgan raised the firm’s price target on Goosehead Insurance to $62 from $61 and keeps a Neutral rating on the shares. The firm’s outlook for business trends in the property and casualty sector is upbeat, but it feels bullish sentiment and relatively full valuation levels will limit upside in the stocks heading into the Q1 reports. Disciplined pricing and the group’s defensive risk profile are key positives, but expectations for margins and growth “seem optimistic and valuations are not attractive,” the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GSHD:
- Goosehead Insurance price target lowered to $90 from $95 at BMO Capital
- Goosehead Insurance price target lowered to $70 from $75 at Truist
- Goosehead Insurance price target raised to $88 from $85 at Piper Sandler
- Goosehead Insurance COO buys $369.3K in common stock
- Goosehead Insurance price target lowered to $85 from $89 at Piper Sandler