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legalzoom reports strong earnings and strategic acquisition to enhance market position

UBS has reiterated a Neutral rating on LegalZoom with a $9 price target following the company's earnings report, which showed revenue of $161.7 million and adjusted EBITDA of $44.2 million, both exceeding market expectations. The recent acquisition of Formation Nation for approximately $85 million aims to enhance customer acquisition and expand service offerings. Meanwhile, JPMorgan raised its price target to $11, reflecting confidence in LegalZoom's market position despite competitive challenges.
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United States Dollar LegalZoom.com, Inc. USA Charles Thomas Stephen Ju Ella Smith Show more
Business & Industry, Market Report
17:23 11.02.2025
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