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

Up-and-coming insurance company Lemonade (NYSE: LMND) is trying to disrupt insurance by putting its spin on the industry. It's a small company worth just $2.2 billion today, leaving room for life-changing investment returns if it can successfully carve out its niche -- or even better,

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.

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