Lemonade: Buy, Sell, or Hold?
Lemonade (NYSE: LMND) has been anything but sweet to its shareholders. The artificial intelligence (AI)-powered insurance business is aiming to disrupt the industry. But as of this writing, its share price sits more than 80% off its peak, which was reached in January 2021.
Lemonade has soared more than 70% since it reported well-received Q3 financial results on Oct. 30 (as of Nov. 14). Is this fintech stock a buy, sell, or hold right now?
One of the top reasons investors might gravitate toward this stock is because it has long been focused on AI, well before this technology became the hottest buzzword. It seems any and every business tries to mention AI in their earnings calls or marketing campaigns to draw the interest of Wall Street. In comparison, Lemonade, founded in 2015, was built around AI from the ground up.
Source Fool.com
