1 Growth Stock Down 87% That Could Soar, Says Wall Street

If you're like me, you probably don't enjoy dealing with insurance companies. Buying insurance can be complicated, and making a claim can be both frustrating and incredibly time-consuming in some circumstances. Innovative companies that can successfully improve the whole experience would be in line for potentially big rewards. Lemonade (NYSE: LMND) is an innovative insurance company using artificial intelligence (AI) to create that improvement.

So far, it has been a bumpy ride, but the company is making substantial progress and growing quickly. Its stock has fallen 87% from its all-time high amid persistent financial net losses and the broader tech sell-off, but one Wall Street firm has some confidence in its ability to bounce back and is betting the stock could soar by 83% from here.

Here's why investors should pay close attention to Lemonade's improving business, not just its collapsed stock price.

Source Fool.com