Goldman Sachs Starts LifeLock (LOCK) at Buy
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Price: $23.99 --0%
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
1 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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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.
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