Goosehead Insurance price target raised to $89 from $76 at Piper Sandler

Piper Sandler analyst Paul Newsome raised the firm’s price target on Goosehead Insurance to $89 from $76 and keeps an Overweight rating on the shares following quarterly results. The firm materially increased its forward earnings estimates as Piper’s skepticism about Goosehead’s ability to improve its margins is proving unwarranted.