LegalZoom Gets Double Upgrade On 'Incrementally Positive' Business Formations Data

LegalZoom.com Inc LZ could benefit from the positive inflection in business formations in November and December 2024, according to JPMorgan.The LegalZoom.com Analyst: Analyst Ella Smith upgraded the rating for LegalZoom.com from Underweight to Overweight, while raising the price target from $8 to $9.The LegalZoom.com Thesis: While there were steep declines business formations data through most of 2024, the data for the last two months of the year "seems to indicate the trend is reversing," Smith said in the ...