Lemonade Just Soared After Earnings -- Could It Reach $100 per Share Within the Next Year?
The insurance tech company is near a multiyear high. But can it go even higher?Lemonade (LMND 3.39%) recently popped by about 25% after reporting its second-quarter results. The insurance disruptor reported better-than-expected revenue and earnings, raised its guidance, and is doing a great job of becoming more profitable. It is doing an excellent job of underwriting, and to put it mildly, the relatively new car insurance product is gaining serious traction.However, with the stock close to a multiyear high, ...