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UPDATE: Bank of America Merrill Lynch Initiates Coverage on LifeLock with Buy Rating, $12 PO

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LifeLock Acquires Lemon for Approximately $42.6M in Cash
LifeLock Names Seth Greenberg as CMO

In a report published Wednesday, Bank of America Merrill Lynch initiated coverage on LifeLock (NYSE: LOCK) with a Buy rating and $12.00 price objective.

BofA Merrill Lynch noted, “LifeLock, with ID Analytics, is well positioned to grow in consumer subscriber base and target enterprise partnerships to tap new revenue sources. In addition, a mix shift to higher price Ultimate offering combined with improving renewal rates should help the company increase ARPU and drive profitability higher.”

LifeLock closed on Tuesday at $7.00.

Latest Ratings for LOCK

DateFirmActionFromTo
Nov 2016Canaccord GenuityDowngradesBuyHold
Nov 2016Deutsche BankDowngradesBuyHold
Nov 2016Deutsche BankDowngradesBuyHold

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Posted-In: Bank of America Merrill LynchAnalyst Color Initiation Analyst Ratings

 

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