1 Beaten-Down Tech Stock to Buy Right Now
Insurance is one of the largest industries in the world. Last year, property and casualty (P&C) premiums totaled $1.8 trillion, and that figure is expected to hit $4.3 trillion by 2040. At the same time, many of today's largest insurance companies were founded over a century ago, and their businesses weren't designed for modern data science.
That creates an opportunity for Lemonade (NYSE: LMND), a tech company that takes a unique approach to insurance. More to the point, the stock currently trades 58% below its 52-week high, due, in large part, to the catastrophic impacts of the Texas freeze earlier this year. But I think Wall Street is underestimating Lemonade's potential.
Here's why you should consider buying this beaten-down tech stock.
Source Fool.com
