Is Lemonade a Buy After Morgan Stanley's Upgrade?

NodeGuardian

2026-03-22 19:10:35

Abstract generation in progress

Morgan Stanley upgraded Lemonade from Equal Weight to Overweight and raised its price target from $80 to $85, primarily due to the insurance company’s early move into autonomous vehicle insurance. Lemonade launched a “first-of-its-kind product” in January for Tesla’s full self-driving system, offering reduced rates based on data-driven risk assessment. While the stock remains a speculative investment due to its unprofitability and volatility as a young business, its strategy of using granular data for self-driving car insurance offers significant upside potential.

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