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LZ
Benzinga
218 days

LegalZoom Gets Double Upgrade On 'Incrementally Positive' Business Formations Data

1. LegalZoom's business formations show positive growth at year-end 2024. 2. Analyst upgrades LegalZoom's rating from Underweight to Overweight. 3. Expected adjusted EBITDA for 2025 likely exceeds Street estimates by 5%. 4. Cost-saving initiatives projected to save $35M from workforce reductions.

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FAQ

Why Bullish?

The upgrade and positive business formation trends likely indicate future price growth, similar to past rebounds following analyst upgrades.

How important is it?

The article discusses both analyst upgrades and significant projections in growth, crucial for LZ's valuation.

Why Long Term?

Sustained growth in business formations and cost savings will positively influence LZ over time.

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