Shares of Root, Inc. (ROOT) are surging in Friday's trading session, climbing 5.13% following a bullish analyst move. The stock's upward momentum comes as KBW, a respected financial services firm, raised its price target for Root from $150 to $170.

The significant increase in the price target suggests that KBW analysts have become more optimistic about Root's future prospects. This upgrade likely reflects positive developments in Root's business model, financial performance, or growth potential in the insurance technology sector.

Investors are responding favorably to this vote of confidence from KBW, driving up demand for Root's shares. The 5.13% intraday gain indicates strong market enthusiasm and could potentially attract more attention from both institutional and retail investors. As always, market participants are advised to conduct their own research and consider their individual risk tolerance before making investment decisions.