Lemonade (LMND) Stock Falls as Piper Sandler Cuts Price Target to $65 After Earnings

TLDR LMND stock dropped 10–12% in the days after its Q4 2025 earnings release Q4 revenue hit $228.1 million, up 53% year-over-year, but losses continue 2026 guidance projects an adjusted EBITDA loss of $48–$52 million Piper Sandler cut its price target from $85 to $65, keeping a Neutral rating Full-year EBITDA profitability is now targeted [...]

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