Where Will Lemonade Stock Be in 5 Years?

Lemonade (NYSE: LMND) has experienced explosive growth since going public, and its stock is climbing, up more than 160% during the past year. The insurance technology company has made some serious progress, although there are still risks. Let's see where it might be five years from now and whether it's a good time to buy Lemonade stock.Lemonade is 10 years old as of July, and it's been quite a decade. The company uses artificial intelligence (AI) to disrupt traditional insurance and offer a better product for policy holders. It was built using digital processes and AI throughout its business, including having chatbots onboard customers and assess claims. That may not sound so impressive today, as AI becomes the norm for many companies, but Lemonade has been doing this for years. It relies on data, machine learning, and continually improving algorithms to get things right, cutting out human intervention and lots of headaches and hassle for the average policyholder.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool