RBC Capital analyst Scott Heleniak raised the firm’s price target on Goosehead Insurance (GSHD) to $109 from $95 and keeps an Outperform rating on the shares. The company reported “slight” upside with its Q3 results and its carrier capacity headwinds haven’t completely lifted, but there are some better signs, particularly on the auto side, the analyst tells investors in a research note. Client retention has also stabilized in Q3 and Goosehead has just onboarded its largest corporate agent class in recent months, the firm added.
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Read More on GSHD:
- Goosehead Insurance price target raised to $115 from $100 at JMP Securities
- Goosehead Insurance price target raised to $110 from $95 at Keefe Bruyette
- Goosehead Insurance reports Q3 EPS 29c, consensus 45c
- Goosehead Insurance raises FY24 revenue view to $295M-$310M from $290M-$310M
- Goosehead Insurance price target raised to $103 from $94 at Piper Sandler
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