Analysts Are Increasing Prices Targets of These 5 Tech Stocks

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1. LegalZoom.com, Inc. (NASDAQ:LZ)

Number of Hedge Fund Holders: 18

LegalZoom.com, Inc. (NASDAQ:LZ) is an online legal tech company that assists users with preparing documents, effectively eliminating the need for lawyers. Legal technology assistance includes wills, business formation papers, copyrights, patents, and trademark applications.

Citi analyst Ronald Josey upgraded LegalZoom.com, Inc. (NASDAQ:LZ) on April 19 to Buy from Neutral with a price target of $20, up from $19, after assuming coverage of the internet sector. The analyst remains bullish on internet stocks and sees room for growth. 

LegalZoom.com, Inc. (NASDAQ:LZ) posted its Q4 results on March 10, reporting earnings per share of $0.02, beating consensus estimates by $0.02. However, the $142.14 million revenue fell short of analysts’ predictions by $1.56 million. 

Insider Monkey’s Q4 database suggests that LegalZoom.com, Inc. (NASDAQ:LZ) was found in the portfolios of 18 hedge funds, who collectively held stakes in the company worth $225.2 million. William Royan, Khai Ha, and Alex Migon’s GPI Capital is the biggest position holder in the company, with 9.5 million shares worth $153.3 million.  

You can also take a look at 10 Oil Tanker Stocks That Pay Dividends and 10 Monthly Dividend Stocks to Buy in April

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