From Yahoo Finance: 2025-04-01 12:41:00

In 2025, Root Inc. (ROOT) is among the best performing NASDAQ stocks. With 16 hedge fund holders and an 88.65% average upside potential as of March 31, the company offers insurance products, focusing on automobile and renters insurance through various distribution channels. Its proprietary technology stack supports growth and expansion plans.

The company’s partnership channel saw significant growth in 2024, doubling new writings and accounting for a third of overall business. In 2025, Root Inc. plans to expand its partnerships and transition to fully embedded experiences, particularly in automotive, financial services, and independent agents segments. The company ranks 7th on the list of best performing NASDAQ stocks in 2025.

T. Rowe Price portfolio manager Tony Wang discussed tech sector volatility on CNBC, emphasizing growth and momentum potential. While concerns exist about sustainable spending levels, Wang remains optimistic about tech valuations and potential cost reduction through deep tech. The NASDAQ underperformed in March but presents buying opportunities in the current market climate.

Read more: Is Root Inc. (ROOT) the Best Performing NASDAQ Stock So Far in 2025?