Why Root Inc. (NASDAQ:ROOT) Stock soared -24.82 percent on Tuesday?

Jefferies raised the price target for the Root Inc. (NASDAQ:ROOT) stock to ‘a Hold’. The rating was released on November 19, 2021, according to finviz. We previously noted in another research note published on November 15, 2021 by Barclays that downgraded the stock from an Equal weight to an Underweight with a price target of $3 for ROOT stock. The research report from Wolfe Research has initiated the stock to Peer Perform, with a price target set at $5. The stock was downgraded by Wells Fargo, who disclosed in a research note on June 13, 2021, from Overweight to Equal Weight and set the price objective to $7.

Author Image
Edward Bosworth