Lemonade (NYSE:LMND), the upstart insurance company, faces nothing but further losses as far as the eye can see. That effectively limits any potential upside for LMND stock.
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Although the stock may not drop much as premium growth continues strong, the company’s future losses will keep a lid on the stock’s upside. In short, the company will likely have to grow into its present $4.3 billion market valuation.
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