Hippo stock news
On August 28, 2026, B. Riley Securities raised its price target for Hippo Holdings Inc. (NYSE: HIPO) to $41.50 from $38.00, while maintaining a "Buy" rating. The upward revision follows the company's strategic expansion of its Hippo Homeowners Insurance Program into 14 additional states, including New York, New Jersey, and Washington. Analysts highlighted Hippo's proprietary underwriting technology and its successful transition to a "program carrier" model as primary drivers for the valuation re--rating. The firm expects this expansion to enhance fee--based revenue streams and support the company's trajectory toward sustained GAAP profitability.