LegalZoom price target raised to $16 from $14 at JPMorgan

JPMorgan raised the firm’s price target on LegalZoom to $16 from $14 and keeps an Overweight rating on the shares. The analyst believes LegalZoom is well positioned in the face of artificial intelligence proliferation in the industry. The firm increased the price target to reflect higher profitability, supported by a higher mix of subscription-to-transaction revenues in 2025. Versus AI proliferation, business formation is defensive, and LegalZoom’s post formation subscription services are “particularly well-positioned,” the analyst tells investors in a research note.