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Investing.com - Citizens has raised its price target on Lemonade Inc. (NYSE:LMND) to $80.00 from $60.00 while maintaining a Market Outperform rating following the company’s third-quarter 2025 performance. The stock currently trades at $67.35, having demonstrated remarkable momentum with a 117.82% price return over the past six months.
The insurance technology company beat expectations on both top and bottom lines in its Q3 2025 financial results, according to Citizens’ analysis. Lemonade has achieved 33.66% revenue growth over the last twelve months, with total revenue reaching $658.3 million, though the company remains unprofitable with earnings per share of -$2.38.
Citizens based its new price target on a discounted EBITDA analysis, reflecting increased confidence in Lemonade’s business trajectory after the strong quarterly performance. According to InvestingPro data, the stock is trading slightly above its Fair Value, with analysts’ targets ranging from $33 to $85.
The research firm noted that Lemonade "remains very early in its life cycle and is making significant strides toward building an insurance company that will continue to gain market share and sustain the test of time."
Citizens’ analyst team reinforced their positive outlook after spending time with Lemonade’s management earlier this week during investor meetings, which they said "only gave us further confidence in this view."
In other recent news, Lemonade Inc . reported its third-quarter earnings for 2025, demonstrating significant financial progress. The company achieved an earnings per share (EPS) of -$0.51, which was better than the anticipated -$0.70. Revenue for the quarter reached $195 million, surpassing the expected $184.9 million. These results have been well-received by investors, as indicated by the positive reaction in trading. Analysts had projected these figures, and the actual results exceeded those expectations. There were no major mergers or acquisitions reported in this period for Lemonade. Additionally, there have been no recent upgrades or downgrades from major analyst firms. These developments mark a period of growth and positive momentum for Lemonade.
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