JPMorgan raised the firm’s price target on LegalZoom (LZ) to $14 from $12 and keeps an Overweight rating on the shares after hosting meetings with management. The company is using its in-house augmented intelligence and “force of experts to enter greenfield markets,” the analyst tells investors in a research note. The firm has increasing confidence in LegalZoom’s “defensiveness to AI proliferation” and believes the company’s addressable market is expanding over the medium term.
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