LifeLock (LOCK) Bullish View Reiterated at Needham & Company

Needham & Company analyst Scott Zeller reiterated a Buy rating and $26 price target on LifeLock (NYSE: LOCK) following meetings with management.

Zeller said, "We hosted LifeLock’s CEO Todd Davis and CFO Chris Power earlier this week for meetings with investors. LifeLock’s analyst day last week was a positive event, and we feel our meetings with LOCK this week continued to build on positive momentum. Investor questions focused on understanding long-term competitive differentiation for LOCK, and the recent FTC meetings and information inquiry drew low investor attention. We continue to focus investors on the catalyst of recently-expanded demographic reach (women, youth) which we believe is accelerating results at LOCK."

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 $20.38 yesterday.

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