Why Lemonade Stock Has Tripled Since November
Lemonade (NYSE: LMND) is disrupting the insurance industry with its tech-driven strategy. The company combines big data, behavioral economics, and artificial intelligence to make its business more efficient than traditional insurers.
In the last few months, Lemonade has been in the spotlight with news about the recent lockup expiration, a product launch in Europe, and various Wall Street analyst upgrades. In the wake of those developments, the share price has soared over 200%, leaving investors' heads spinning and analysts' price targets in the dust. Here's what investors need to know.
In December, Lemonade announced its launch of renters insurance in France. The company now operates in three different European countries as well as 37 states and Washington, D.C. This geographic expansion widens the pool of potential customers, which should help Lemonade continue to scale its business in the coming quarters.
Source Fool.com
