Root (NASDAQ:ROOT) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Root (NASDAQ:ROOT) had its price target lifted by research analysts at Wells Fargo & Company from $47.00 to $53.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 22.20% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Root in a report on Monday, October 26th. Keefe, Bruyette & Woods dropped their price objective on shares of Root from $95.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. TD Cowen cut shares of Root from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 20th. Finally, Jefferies Financial Group cut shares of Root from a “buy” rating to a “hold” rating and cut their price objective for the stock from $78.00 to $58.00 in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.75.

Root Trading Down 6.3%

Shares of Root stock traded down $2.91 on Thursday, reaching $43.37. 349,577 shares of the company’s stock were exchanged, compared to its average volume of 154,754. The company has a market capitalization of $671.80 million, a P/E ratio of 9.13 and a beta of 3.06. Root has a 52 week low of $40.91 and a 52 week high of $91.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s 50-day moving average is $50.89 and its two-hundred day moving average is $53.90.

Root (NASDAQ:ROOT) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.23. Root had a net margin of 3.78% and a return on equity of 19.72%. The company had revenue of $381.30 million during the quarter, compared to analyst estimates of $384.43 million. Sell-side analysts predict that Root will post 4.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Root

A number of large investors have recently modified their holdings of ROOT. CoreCap Advisors LLC acquired a new stake in Root in the 2nd quarter valued at $42,000. Sequoia Financial Advisors LLC acquired a new position in Root during the second quarter worth $219,000. State of Wyoming acquired a new position in Root during the third quarter worth $289,000. Quantinno Capital Management LP bought a new position in shares of Root in the first quarter valued at $920,000. Finally, Zweig DiMenna Associates LLC bought a new position in shares of Root in the first quarter valued at $1,193,000. 59.82% of the stock is currently owned by institutional investors.

Root News Summary

Here are the key news stories impacting Root this week:

• Neutral Sentiment: Wells Fargo raised its price target to $53 from $47 but maintained an Equal Weight rating, suggesting limited conviction that the shares will outperform. Wells Fargo price target
• Neutral Sentiment: Root’s Q3 2026 earnings-call transcript was published, but the provided article information does not include specific management commentary or outlook that could explain the stock move. Q3 2026 earnings call transcript
• Negative Sentiment: Keefe, Bruyette & Woods lowered its price target to $70 from $75, a less optimistic valuation, although it kept an Outperform rating. KBW price target update

About Root

Root, Inc (NASDAQ:ROOT) is an insurance technology company that uses mobile technology and data-driven underwriting to provide personal insurance products. The company is best known for its automobile insurance, which is offered through a digital platform designed to allow customers to obtain quotes, purchase coverage and manage policies through a smartphone.

Root’s auto insurance model uses information collected through its mobile application, including driving-related data, to evaluate individual driving behavior and help determine eligibility and pricing.