Lemonade jumps on upbeat revenue forecast

LEMONADE

05/11/2025 12:45

** Shares of insurer Lemonade LMND.N jump 11.2% to $65.25 premarket after co forecasts FY revenue above Wall Street estimates

** Co forecasts FY revenue of $727–$732 mln, above LSEG-compiled estimates of $713.7 mln, citing strong customer growth and improved pricing

** Customer count rose 24% to ~2.87 million in Q3

** Co says AI-led automation helped cut claims handling costs

** Average rating of 11 analysts on the stocks is a "hold"; median PT at $43.50 - data compiled by LSEG

** Stock up 59.92% YTD, as of last close

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))