Core Viewpoint - Lemonade's stock experienced a significant increase of over 9% on Wednesday, outperforming the S&P 500 index, which only rose by 0.3% due to positive analyst coverage [1]. Analyst Coverage - Cantor Fitzgerald's Ryan Tunis initiated coverage of Lemonade with an overweight (buy) recommendation and set a price target of $60 per share [2]. - Jefferies' Andrew Andersen raised his price target from $30 to $37 per share but maintained an underperform (sell) rating [3]. Company Performance - The increase in price target by analysts is attributed to Lemonade's higher premium retention, which is expected to drive revenue growth [4]. - Concerns were raised regarding Lemonade's increasing leverage, which could negatively impact its fundamentals if not managed properly [4]. Profitability Concerns - Despite being an innovative company, there are concerns about Lemonade's consistent bottom-line losses, leading to caution regarding its stock until it can demonstrate consistent profitability [5].