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Is Lemonade Stock a Buy?

TheMotleyFool

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Is Lemonade Stock a Buy?: https://g.foolcdn.com/editorial/images/731404/woman-drinking-lemonade-on-phone-1.jpg

Insurance technology company Lemonade (NYSE: LMND) has been a highly debated stock on Wall Street over the past few years. It's bringing a new business model to the insurance industry, and investors have grappled with how to value the stock.

But with the company carrying a $1 billion market valuation today and trading 91% off its highs, it may not matter whether Lemonade is a technology or insurance stock. And the company's recent performance shows Lemonade's long-term arrow is pointing up.

Here is why investors should consider buying shares of Lemonade for the long term.

Source Fool.com

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