Bank of America lowers LegalZoom price target on growth concerns

nl.investing.com (Dutch)

BofA Securities lowered its price target for LegalZoom to $9.00 due to concerns about its growth rate. The bank cited LegalZoom's lower revenue growth profile compared to peers and adjusted its valuation multiple. Despite this, BofA maintained a Buy rating, believing LegalZoom's complex registered agent network offers services beyond AI capabilities. LegalZoom recently reported mixed first-quarter 2026 results, exceeding revenue expectations but missing earnings per share forecasts, highlighting profitability challenges.


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Bank of America lowers LegalZoom price target on growth concerns | News Minimalist