Lemonade, Inc. (LMND): A Bull Case Theory

We came across a bullish thesis on Lemonade, Inc. (LMND) on Substack by Steve Wagner. In this article, we will summarize the bulls’ thesis on LMND. Lemonade, Inc. (LMND)'s share was trading at $31.07 as of May 9^th.

[caption id="attachment_1207448" align="aligncenter" width="768"] A woman in her car checking her insurance documents with a satisfied smile.[/caption]

Lemonade (LMND) started 2025 on a strong note, posting a solid Q1 with impressive growth and progress toward profitability. The company crossed the $1 billion milestone in in-force premium (IFP), a key metric, with IFP...