Trupanion (TRUP) Stock: $129 Price Target From BofA

By Amit Chowdhry ● Nov 25, 2021
  • The shares of Trupanion Inc (NASDAQ: TRUP) recently received a price target of $129 from BofA. These are the details.

The shares of Trupanion Inc (NASDAQ: TRUP) recently received a price target of $129 from BofA. And BofA analyst Joshua Shanker downgraded Trupanion to a “Neutral” rating from a “Buy” rating while increasing the price target from $112.

Shanker noted that while his confidence in the growth trajectory for the pet insurance industry broadly and the company more specifically is unwavering. But Shanker cited valuation for his change in the rating as he thinks a “Buy” recommendation is no longer warranted following the rally due to little upside to his new price objective.

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