LifeLock Given New $25.00 Price Target at RBC Capital (LOCK)
Analysts at RBC Capital boosted their target price on shares of LifeLock (NASDAQ:LOCK) from $18.00 to $25.00 in a research report issued to clients and investors on Wednesday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective suggests a potential upside of 14.00% from the stock’s previous close.
A number of other analysts have also recently weighed in on LOCK. Analysts at Sterne Agee initiated coverage on shares of LifeLock in a research note on Tuesday, February 4th. They set a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of LifeLock from $19.00 to $21.00 in a research note on Tuesday, January 14th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of LifeLock from $20.00 to $22.00 in a research note on Monday, December 16th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a buy rating, LifeLock currently has an average rating of “Buy” and a consensus target price of $20.75.
Shares of LifeLock (NASDAQ:LOCK) opened at 21.93 on Wednesday. LifeLock has a 1-year low of $8.31 and a 1-year high of $22.85. The stock’s 50-day moving average is $19.22 and its 200-day moving average is $15.85. The company has a market cap of $1.984 billion and a P/E ratio of 3650.00.
In other LifeLock news, CFO Chris G. Power unloaded 5,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $22.57, for a total value of $112,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
LifeLock, Inc is a provider of proactive identity theft protection services for consumers and identity risk assessment and fraud protection services for enterprises.
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