Goosehead Insurance price target raised to $120 from $90 at BMO Capital

BMO Capital raised the firm’s price target on Goosehead Insurance (GSHD) to $120 from $90 and keeps a Market Perform rating on the shares. The firm is raising its Q4 view by 7c to 39c, stating that it sees the company’s continued productivity improvements and growth in hiring as potential sources of revenue upside, even though visibility its is challenging, the analyst tells investors in a research note. BMO’s rising price target on Goosehead is also tied to a higher S&P500 multiple, the firm adds.