Morgan Stanley Maintains Underweight on LegalZoom.com, Raises Price Target to $9.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Elizabeth Porter has maintained an Underweight rating on LegalZoom.com (NASDAQ:LZ) but increased the price target from $9 to $9.5.

November 14, 2023 | 2:26 pm
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Morgan Stanley analyst Elizabeth Porter maintains an Underweight rating on LegalZoom.com but raises the price target from $9 to $9.5.
While the price target increase from Morgan Stanley could be seen as a positive signal, the Underweight rating suggests that the analyst believes the stock will underperform the sector or the overall market. This mixed message may lead to a neutral short-term impact on the stock price, as the market digests both the increased price target and the continued cautious stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100