Goosehead Insurance price target raised to $88 from $85 at Piper Sandler

Piper Sandler raised the firm’s price target on Goosehead Insurance to $88 from $85 and keeps an Overweight rating on the shares. The firm notes the stock has fallen sharply in recent weeks due to what it thinks will likely be near-term weakness in the first quarter earnings, but not recognizing that the full year results will likely be in line with guidance.