Up 25% in 1 Week, Is Lemonade Stock Still a Good Buy Right Now?

Source The Motley Fool

Insurance technology company Lemonade (NYSE: LMND) reported third-quarter earnings recently, and the stock jumped by about 25% following the report. In this video, longtime Fool.com contributor Matt Frankel breaks down the numbers and what could potentially drive the stock even higher.

*Stock prices used were the midday prices of Nov 4, 2024. The video was published on Nov 5, 2024.

Don’t miss this second chance at a potentially lucrative opportunity

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

  • Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $22,469!*
  • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $42,271!*
  • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $411,970!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

See 3 “Double Down” stocks »

*Stock Advisor returns as of November 4, 2024

Matt Frankel has positions in Lemonade. The Motley Fool has positions in and recommends Lemonade. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Price Trend Forecast: Continued ETF Outflows Limit Bitcoin Price Rebound Space, $58,000 Becomes Key Level for Bulls and Bears As of the European trading session on July 1, Bitcoin ( BTC) fluctuated around $58,700, hitting a new year-to-date low of $57,800 earlier in the day before recovering slightly, though it
Author  TradingKey
6 hours ago
As of the European trading session on July 1, Bitcoin ( BTC) fluctuated around $58,700, hitting a new year-to-date low of $57,800 earlier in the day before recovering slightly, though it
placeholder
Japanese Yen sinks to fresh low since 1986 vs USD amid persistently wide US-Japan rate gapThe USD/JPY pair builds on the previous day's breakout momentum and continues to scale new multi-decade highs through the Asian session on Wednesday.
Author  FXStreet
15 hours ago
The USD/JPY pair builds on the previous day's breakout momentum and continues to scale new multi-decade highs through the Asian session on Wednesday.
placeholder
US-Iran Talks Hit Nonfarm Payrolls Bombshell: Bitcoin Bull-Bear Battle Set to End $60,000 Deadlock?As US-Iran talks and non-farm payrolls approach, Bitcoin's range-bound trend is set to break, with a potential drop to $50,000.On June 30, Bitcoin ( BTC) remained volatile near $60,000, u
Author  TradingKey
Jun 30, Tue
As US-Iran talks and non-farm payrolls approach, Bitcoin's range-bound trend is set to break, with a potential drop to $50,000.On June 30, Bitcoin ( BTC) remained volatile near $60,000, u
placeholder
June Non-Farm Payrolls Preview: Did White House Economic Advisor Give an Early Hint? How Will US Stocks, Dollar and Gold React? As June draws to a close, market attention is shifting to the upcoming U.S. June nonfarm payrolls report to be released this Thursday (July 2). This month's nonfarm payrolls data has been
Author  TradingKey
Jun 30, Tue
As June draws to a close, market attention is shifting to the upcoming U.S. June nonfarm payrolls report to be released this Thursday (July 2). This month's nonfarm payrolls data has been
placeholder
Japan’s Kihara: Always ready to take necessary action on forexJapan’s Chief Cabinet Secretary Minoru Kihara reiterated during a regularly scheduled press conference this Tuesday that officials he is always ready to take necessary action on forex. Kihara, however, refrained from commenting on specific forex level.
Author  FXStreet
Jun 30, Tue
Japan’s Chief Cabinet Secretary Minoru Kihara reiterated during a regularly scheduled press conference this Tuesday that officials he is always ready to take necessary action on forex. Kihara, however, refrained from commenting on specific forex level.
goTop
quote