Barclays Maintains Overweight on LegalZoom.com, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mario Lu maintains an Overweight rating on LegalZoom.com (NASDAQ:LZ) but lowers the price target from $17 to $15.

February 08, 2024 | 7:59 pm
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Barclays maintains an Overweight rating on LegalZoom.com but lowers the price target from $17 to $15.
While the maintenance of an Overweight rating suggests continued confidence in LegalZoom's fundamentals and growth prospects, the reduction in price target could indicate concerns about near-term challenges or valuation adjustments. This mixed signal might lead to neutral short-term price movement as investors weigh the positive rating against the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100