JP Morgan Raises Target Price on Palomar (PLMR) to $160

Group 1 - Palomar Holdings Inc. is identified as one of the 15 most undervalued NASDAQ stocks to buy according to Wall Street analysts [1] - JPMorgan raised its target price on Palomar by 3.2% to $160 from $155 and maintained an Overweight rating after the company's Q4 2025 results [1] - The Q4 2025 earnings report showed a 47% year-over-year increase in diluted adjusted earnings per share to $2.24, surpassing the street consensus of $2.09 [1] - The earnings growth was attributed to a significant rise in gross insurance premiums written, which outweighed higher loss ratios, along with increased investment income [1] Group 2 - Management provided guidance for 2026, expecting adjusted net income to be between $260 million and $275 million, indicating a 24% increase compared to 2025 [2] - Palomar specializes in property and casualty insurance, particularly earthquake insurance in states like California, Oregon, and Washington [3]