Ethos Technologies: Bigger Beats, Thinner Margins

Ethos Technologies remains a 'Buy', with robust 151% revenue growth and a PEG below 1x supporting a bullish thesis. Q3 saw revenue far exceed guidance, but margin compression emerged as third-party agent sales and brand advertising increased. Consensus 2027 EPS of $2.40 implies LIFE trades at 17x earnings, with a fair value target of $48–$53, or 17–30% upside.