JP Morgan Rates LegalZoom.com (LZ) buy, $8 Price Target

JP Morgan reiterated its buy rating on LegalZoom.com, Inc. (NasdaqGS: LZ) with a price target of $8. This update, announced on June 24, 2026, reflects JP Morgan's continued confidence in the company's prospects.

LegalZoom.com, Inc. Stock Up 2.7%

Shares of NasdaqGS:LZ traded near $5.76 on Friday. LegalZoom.com, Inc. has a market cap of approximately $983.5 million. The company's P/E ratio is 95.5, with a forward P/E of about 7. The stock's beta is 1.312, indicating some volatility. Over the past year, shares have ranged from a low of $5.22 to a high of $12.40. Its 50-day moving average is roughly $6.18, while the 200-day moving average is around $8.15.

Recent Earnings

LegalZoom reported revenue of $779.7 million with a growth rate of 12.9%. The company achieved an EPS of $0.06 and a net margin of 1.46%. Return on equity stands at 6.83%. The next earnings announcement is expected on May 6, 2026.

Insider Buying and Selling at LegalZoom.com, Inc.

On June 3, 2026, several insiders including Nathan Gooden, Elizabeth Hamren, John Francis Murphy, and Sivan Whiteley each acquired 35,585 shares. On the selling side, Nicole Miller, Chief Legal Officer, sold 19,199 shares at an average price of $6.58 on May 19, 2026, and Noel Bertram Watson, Chief Operating Officer & CFO, sold 15,000 shares at $6.45 on May 18, 2026, both under planned sales.

Analysts Set New Price Targets

On June 24, 2026, JP Morgan maintained its buy rating on LegalZoom with an $8 price target. Previously, Citigroup and UBS also maintained hold ratings with targets of $7.5 and $7.0 respectively. Barclays downgraded the stock to sell with a $6 target in March 2026. The overall analyst consensus remains a buy with an average target price of $8 across six analyst opinions.

About LegalZoom.com, Inc.

LegalZoom.com, Inc. operates an online platform that helps small businesses and consumers with legal, compliance, and business management needs. Based in Mountain View, California, and led by CEO Jeffrey M. Stibel, the company offers services like business formation, intellectual property protection, and estate planning. It employs around 1,196 people.

Bottom Line

JP Morgan's reaffirmation of a buy rating on LegalZoom with an $8 target suggests continued confidence in the company's growth potential. With shares trading near $5.76 and insider buying activity, investors may see this as a positive indicator. Nevertheless, it's important to remember that analyst ratings are just one of many factors investors consider.