JP Morgan Assumes LegalZoom.com at Overweight, Announces Price Target of $14
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Ella Smith has initiated coverage on LegalZoom.com (NASDAQ:LZ) with an Overweight rating and set a price target of $14.
February 07, 2024 | 2:08 pm
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JP Morgan analyst Ella Smith has given LegalZoom.com an Overweight rating and a price target of $14.
Analyst ratings, especially from a reputable firm like JP Morgan, can significantly influence investor sentiment and stock prices. An Overweight rating suggests that the analyst believes the stock will outperform its sector or the market. The announcement of a $14 price target, presumably above the current trading price, indicates a positive outlook on the stock's future performance, likely leading to increased investor interest and potentially a rise in stock price in the short term.
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