Is Lemonade Stock a Buy?

Lemonade (NYSE: LMND) attracted a lot of investor interest thanks to its artificial intelligence (AI)-driven insurance business. The company promised efficient underwriting and was an early adopter of chatbots to handle insurance buying and claims.The company surged from its initial public offering (IPO) price of $29 to $69 per share on its first day of trading and rose as high as $188 in January 2021 amid investor euphoria. Although the company was achieving excellent customer and premium growth, it struggled with profitability and the shares soon plunged as investors fled from high-risk growth stocks amid rising interest rates and inflation.Lemonade recently announced earnings and continues to show positive momentum on crucial profitability metrics. After years of negative investor sentiment, is the juice finally worth the squeeze on Lemonade?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool