From Financial Modeling Prep: 2025-01-13 12:17:00

LegalZoom.com Inc. (NASDAQ:LZ) saw a 6% rise in shares after JPMorgan upgraded the stock to Overweight with a new price target of $9.00. Analysts are optimistic for the company in 2025 due to strong business formation trends and expected profitability growth.

Late 2024 data showed positive business formations, indicating a potential recovery in demand for LegalZoom’s services after a year of declines. This shift in market conditions bodes well for the company’s future performance.

LegalZoom’s cost reductions from 2024 restructuring efforts are set to boost profitability in 2025. Analysts anticipate adjusted EBITDA guidance to surpass market expectations by at least 5%, with a projected $15 million year-over-year increase in EBITDA.

LegalZoom is on Positive Catalyst Watch ahead of its fourth-quarter earnings release in February, with expectations high for continued growth and profitability in the coming year.



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