May. 19 at 4:59 PM
Moody's downgrade gave you another buying opportunity. take it, as we'll see ATHs later this year.
for me that is
$ROOT with ROOT now discounted 26%+ from 52 wk high, and discounted 75% from
$530.64 IPO high(despite being a multiple better co).
$ROOT should be trading at multiple levels higher, and is an eventual 100X play.
in short, here's the trajectory on how they would get there:
-in all 50 states by 26 end(currently 35 with 4 pending)
-ROOT acquires another product, making their auto product 30%+ more sticky increasing rev & potentially doubling rev via cross-sell by 2026
-Moving further along with their embedded platforms with their partners(
$CVNA,Hyundai,Experian,
$GSHD, 1st Co) w/ over 20 total, and multiple more to come
-ROOT to be represented by 1/2 the agency market by 27 end with agencies preferring ROOT due to superior pricing & efficiency
At that point, ROOT would be growing at billions in rev annually, competing with the legacy insurers by mcap.
$ROOT to
$2000+ LT
$NVDA $AAPL