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Stock impact report

Citi Upgrades PT on LegalZoom.com From $10 to $12, Keeps Neutral Rating on the Stock [Yahoo! Finance]

LegalZoom.com, Inc. (LZ) 
Company Research Source: Yahoo! Finance
upgraded the price target on LegalZoom.com Inc. (NASDAQ:LZ) from $10 to $12, keeping its Neutral rating on the stock. Citi analyst Ronald Josey raised the price target post the second quarter FY2025 earnings, which reflected robust subscription revenue. LegalZoom posted $192.5 million in revenue, exceeding the estimated $182.70 million and growing 9% year-over-year. Josey sees LegalZoom's subscription strategy to be working well for the company, with improvements in product packaging, pricing, and personalization leading to higher engagement, especially in compliance-related services. LegalZoom's management also attributed the robust quarterly performance to strong adoption of new compliance-focused offerings and improvement to the firm's bundled subscription tiers. Citi Upgrades PT on LegalZoom.com From $10 to $12, Keeps Neutral Rating on the Stock Kzenon/Shutterstock.com In line with its strong performance and strategic developments during Q2, LegalZoom.com Inc. (NASDAQ:LZ) Show less Read more
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