JPMorgan adds ‘Positive Catalyst Watch’ on LegalZoom into earnings

JPMorgan added a “Positive Catalyst Watch” on shares of LegalZoom (LZ) ahead of the Q1 report while keeping an Overweight rating on the name with an $11 price target Investors are underappreciating LegalZoom’s “extensive” partnerships with the AI majors and improving momentum in the business formation environment, the analyst tells investors in a research note. The firm believes the shares are positioned for outperformance post earnings on the company’s high short interest and solid fundamentals.