Lemonade's Valuation Revisited Amid Improved Results and Raised Guidance

Lemonade reported year-over-year revenue growth and narrowed losses, raising its full-year earnings guidance. The company's share price surged 52.9% in one month and 140.7% in the past year, with growing optimism around its outlook. The narrative's fair value for Lemonade is $49.63, significantly below its last closing price of $77.