Truist cuts target to USD 48.00 for Goosehead Insurance stock

Truist Financial cut its Goosehead Insurance price target from USD 58.00 to USD 48.00 in a research note dated October 13, 2026, while keeping a Hold rating, according to MarketBeat. The new target is 3.45 percent above the latest Nasdaq price of USD 46.40. Goosehead Insurance stock was last at USD 46.40 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, up 1.75 percent on the session.

Trading range sets the frame

The stock's 52-week range was USD 33.68 to USD 79.85 on October 16, 2026. The latest price was therefore USD 33.45 below the high and USD 12.72 above the low, placing the shares 41.89 percent below the high and 37.75 percent above the low. The same date's volume was 403,211 shares against an average of 467,540.

Goosehead operates an independent personal lines insurance agency and distributes products through corporate and franchise locations across the United States, according to the company's investor-relations overview at Goosehead Insurance. The company represents more than 200 insurance carriers, giving its growth profile a distribution focus rather than a balance-sheet underwriting model.

Valuation and November date

Goosehead Insurance had a market capitalization of USD 1.7 billion and a price-to-earnings ratio of 33.87 as of October 16, 2026. The company does not pay a dividend yield in the quoted data. Simply Wall St lists November 9, 2026 as the date for Goosehead's third-quarter 2026 results.

Comparison with peers

Goosehead Insurance (Nasdaq, USD): plus 1.75 percent, P/E 33.87, market capitalization USD 1.7 billion.
Arthur J. Gallagher (NYSE, USD): plus 1.91 percent, P/E 42.20, market capitalization USD 65.3 billion.
eHealth (Nasdaq, USD): minus 3.28 percent, P/E minus 0.65, market capitalization USD 18.6 million.

What the target implies

The revised Truist target remains above the latest Nasdaq price, but its reduction from USD 58.00 narrows the stated distance to the share price. The next scheduled results date gives investors a defined point for testing revenue growth, profitability and the agency's distribution expansion.

Nasdaq price and valuation

Goosehead Insurance stock stood at USD 46.40 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, up 1.75 percent on the session. Its 33.87 price-to-earnings ratio and USD 1.7 billion market capitalization provide the valuation backdrop for the November 9 results date.