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The upgrade and positive business formation trends likely indicate future price growth, similar to past rebounds following analyst upgrades.
What happened, with direct paths to the underlying reporting
LegalZoom's business formations show positive growth at year-end 2024. Analyst upgrades LegalZoom's rating from Underweight to Overweight. Expected adjusted EBITDA for 2025 likely exceeds Street estimates by 5%. Cost-saving initiatives projected to save $35M from workforce reductions.
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