Lemonade Stock Rocketed Up 77% in 75 Days: Here's How It Can Become Unstoppable

By Jason Hall and Tyler Crowe – Jul 16, 2023 at 5:47AM

NYSE: LMND

Lemonade

Market Cap

$1B

Today's Change

(1.64%) $0.29

Current Price

$17.95

Price as of April 26, 2024, 4:00 p.m. ET

Lemonade is doing almost everything well. We break down those things, plus the one thing it needs to get right.

The insurance business is hard, and very competitive. Lemonade (LMND 1.64%) is trying to disrupt the incumbents and is growing at a very fast rate. But there's one thing it's struggled with that could undermine all of its success. In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down what has to happen for Lemonade to become unstoppable.

*Stock prices used were from the afternoon of July 7, 2023. The video was published on July 16, 2023.

Jason Hall has positions in Berkshire Hathaway and Lemonade. Tyler Crowe has positions in Berkshire Hathaway. The Motley Fool has positions in and recommends Berkshire Hathaway and Lemonade. The Motley Fool recommends Progressive. The Motley Fool has a disclosure policy. Jason Hall 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.