APR 17·Investing.comMed
B.Riley assumes Hippo Holdings stock with buy rating, $38 target
B.Riley has initiated coverage on Hippo Holdings Inc. (NYSE:HIPO) with a Buy rating and a $38 price target, indicating a potential upside of 36% from its current trading price of $27.90. The firm justifies its valuation based on 2.25 times book value per share, highlighting Hippo's increased underwriting diversification and strategic partnerships. Recent developments for Hippo include deploying an AI-driven claims workflow system and reporting strong Q4 2025 results.