Goldman Sachs Starts LifeLock (LOCK) at Buy
Tweet
Share
E-mailGet Alerts LOCK Hot Sheet
Price: $23.99 --0%
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Join SI Premium – FREE
On Monday, Goldman Sachs initiated coverage on LifeLock (NYSE: LOCK) with a Buy. PT $12.00.
"We forecast 25%-plus organic growth this year as more consumers subscribe to identity protection services," the analyst notes. "LifeLock's 2.3mn member base is a small fraction of the opportunity (less than 5% of the 45mn credit monitoring market) and we expect the market to shift to broader identity protection. Demand should rise on a worsening threat environment that has evolved beyond credit. Consumers are increasingly aware that their exposure to identity theft is growing with the explosion of personal information online."
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 $7.00 yesterday.
"We forecast 25%-plus organic growth this year as more consumers subscribe to identity protection services," the analyst notes. "LifeLock's 2.3mn member base is a small fraction of the opportunity (less than 5% of the 45mn credit monitoring market) and we expect the market to shift to broader identity protection. Demand should rise on a worsening threat environment that has evolved beyond credit. Consumers are increasingly aware that their exposure to identity theft is growing with the explosion of personal information online."
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 $7.00 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- CFRA Starts SpaceX (SPCX) at Sell, 'Our primary concern is that SpaceX’s long-term strategy remains heavily dependent on Starship'
- Freedom Broker Starts Charter Communications (CHTR) at Hold
- CMB International Securities Starts Lumentum (LITE) at Buy
Create E-mail Alert Related Categories
New CoverageRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
