
Legalzoom.com (LZ) Stock Forecast & Price Target
Legalzoom.com (LZ) Analyst Ratings
Bulls say
LegalZoom.com Inc. benefits from a growing landscape for small businesses, as evidenced by the Fiserv Small Business Index, which has demonstrated consistent month-over-month increases. Recent data indicates that business applications surged to 583,054, reflecting a significant 31% year-over-year growth, and a remarkable 95% increase compared to April 2019. This surge in small business formations signals an expanding market for LegalZoom's range of legal and compliance services, positioning the company favorably for future growth.
Bears say
LegalZoom.com has experienced a significant decline in website traffic, with a decrease of approximately 29% year-over-year in April, which is a worsening trend compared to previous months. The company's share of website visits fell to 31.3%, reflecting a drop of 67 basis points from the previous quarter. Additionally, projections indicate a 2.0% year-over-year decline in business formations for the second quarter, suggesting further challenges in maintaining market share and growth.
This aggregate rating is based on analysts' research of Legalzoom.com and is not a guaranteed prediction by Public.com or investment advice.
Legalzoom.com (LZ) Analyst Forecast & Price Prediction
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