Wells Fargo & Company Raises Root (NASDAQ:ROOT) Price Target to $58.00

Root (NASDAQ:ROOT) had its target price raised by Wells Fargo & Company from $52.00 to $58.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 2.82% from the company’s current price.

Other analysts have also issued reports about the stock. Keefe, Bruyette & Woods lowered their price target on shares of Root from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Wall Street Zen upgraded shares of Root from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings upgraded shares of Root from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, February 26th. UBS Group lowered their price target on shares of Root from $90.00 to $52.00 and set a “neutral” rating on the stock in a research report on Monday, March 9th. Finally, Zacks Research upgraded shares of Root from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $93.60.

Root Trading Down 0.9%

Shares of Root stock opened at $56.41 on Thursday. Root has a 12-month low of $40.91 and a 12-month high of $162.99. The company has a current ratio of 1.07, a quick ratio of 1.21 and a debt-to-equity ratio of 0.61. The stock has a market cap of $877.74 million, a PE ratio of 16.89 and a beta of 2.95. The company has a 50-day moving average of $48.95 and a two-hundred day moving average of $64.81.

Root (NASDAQ:ROOT) last issued its earnings results on Wednesday, May 6th. The company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $1.25. Root had a net margin of 3.58% and a return on equity of 19.97%. The company had revenue of $393.50 million during the quarter, compared to analysts’ expectations of $398.16 million. During the same period last year, the company posted $1.07 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, research analysts anticipate that Root will post 2.15 EPS for the current fiscal year.

Institutional Trading of Root

Hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in Root during the third quarter worth approximately $50,000. Russell Investments Group Ltd. boosted its position in Root by 511.7% during the second quarter. Russell Investments Group Ltd. now owns 734 shares of the company’s stock worth $94,000 after acquiring an additional 614 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Root by 237.2% during the second quarter. Tower Research Capital LLC TRC now owns 1,278 shares of the company’s stock worth $164,000 after acquiring an additional 899 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Root during the third quarter worth approximately $144,000. Finally, State of Wyoming acquired a new stake in Root during the second quarter worth approximately $213,000. Institutional investors and hedge funds own 59.82% of the company’s stock.

Key Root News

Here are the key news stories impacting Root this week:

• Positive Sentiment: Wells Fargo raised its price target on Root to $58.00 from $52.00 while maintaining an equal weight rating, suggesting analysts see some additional upside from current levels. Wells Fargo raises Root price target
• Positive Sentiment: Root’s recent Q1 2026 earnings call transcript remains in focus after the company posted a major earnings beat in its latest results, with EPS of $2.09 versus the $0.84 consensus estimate and revenue up 12.5% year over year. Root Q1 2026 earnings call transcript
• Neutral Sentiment: Additional coverage comparing RLI and Root appears to be a valuation/peer analysis piece and is unlikely to move the stock on its own. RLI versus Root financial analysis
• Negative Sentiment: Zacks Research downgraded Root from hold to strong sell, a bearish signal that may be pressuring shares despite the company’s strong operating performance. Zacks downgrade

About Root

Root, trading on the Nasdaq under the ticker ROOT, is a Columbus, Ohio–based insurance company that leverages mobile technology and data analytics to offer personalized auto insurance policies. Founded in 2015 by Alex Timm and Dan Manges, Root set out to transform traditional underwriting by focusing on individual driving behavior rather than broad demographic factors.

The company’s core product is usage-based auto insurance, delivered through a smartphone app that monitors driving patterns such as speed, braking and phone usage behind the wheel.