Lemonade's downside risks are diminishing, and the potential for the company to thrive is increasing. Read why I remain bullish on LMND stock.

Jason Hall has positions in Lemonade and has the following options: short November 2024 $39 calls on Lemonade. The Motley Fool has positions in and recommends Lemonade. The Motley

Lemonade stock price has gone parabolic, soaring for four consecutive weeks and reaching its highest level since December 2021. It has jumped by almost 300% from its lowest level in 2023 as the company unveiled its strategy to grow from $1 billion to $10 billion in the coming years.

Is Lemonade Stock a Millionaire Maker? was originally published by The Motley Fool When things seem too good to be true on Wall Street, they usually are. This artificial intelligence (AI) pioneer was invited to join the storied S&P 500 Index after years of impressive growth.