Needham & Company Lifts PT on LifeLock (LIFE) to $18

September 20, 2013 7:39 AM EDT
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Price: $23.95 --0%

Rating Summary:
    2 Buy, 7 Hold, 1 Sell

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Today's Overall Ratings:
    Up: 29 | Down: 28 | New: 6
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Needham & Company analyst Scott Zeller reiterated a Buy rating and lifted his price target on LifeLock (NYSE: LOCK) from $15 to $18 following a meeting with President Hilary Schneider.

"Our 1x1 discussion this week centered on Schneider's background in sales & marketing, and the approach to business development she brings to her role as President of LifeLock under CEO Todd Davis," Zeller notes. "Our positive view, and expectation for upside potential, is based on a belief that the programs and new segmentation efforts driven by Ms. Schneider have yet to impact the franchise, suggesting revenue acceleration and upside to estimates. Reiterate BUY, raising estimates, raising target from $15 to $18."

For an analyst ratings summary and ratings history on LifeLock click here. For more ratings news on LifeLock click here.

Shares of LifeLock closed at $14.35 yesterday.

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