Palomar Holdings (PLMR) Soars 1.87% to Record High

Palomar Holdings (PLMR) experienced a slight decline of 0.10% today, but the share price surged to a record high, with an intraday gain of 1.87%.

Palomar Holdings' stock price has been on a strong upward trajectory, reaching an all-time high due to robust financial performance and strategic initiatives that have garnered investor support. Analysts have set price targets between $140 and $150, reflecting positive market sentiment.

The stock has shown positive signals from both short and long-term moving averages, suggesting a strong rising trend. There is a buy signal from a pivot bottom point, and the stock is expected to rise further within the next three months. The current trend predicts a potential increase of 34.73% within this period.

Piper Sandler increased their target price for Palomar shares from $133.00 to $150.00, reflecting confidence in the stock's future performance. Similarly, Keefe Bruyette adjusted their price target to $145 from $155 while maintaining an Outperform rating.