JPMorgan raised the firm’s price target on LegalZoom (LZ) to $12 from $11 and keeps an Overweight rating on the shares. The firm also added the shares to its Analyst Focus List as a growth pick. After meeting with management, JPMorgan has higher conviction for a revenue growth acceleration at LegalZoom in 2026, which it believes is not fully appreciated in current market estimates. The Street underestimates LegalZoom’s forward revenue growth and free cash flow generation, the analyst tells investors in a research note. JPMorgan views LegalZoom as positioned to beat the Street’s expectations for revenue and earnings.
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