Analyst James Bales of Morgan Stanley maintained a Buy rating on Life360 Shs Chess Depository Interests Repr 3 Sh, retaining the price target of A$30.00.
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James Bales has given his Buy rating due to a combination of factors including stronger profitability guidance and solid top-line momentum. While monthly active users came in slightly below expectations, paying circles surpassed forecasts, supporting a view that monetization is improving and that subscription revenue can continue to expand faster than user growth.
He also highlights management’s early upgrade to full-year guidance, with revenue and EBITDA now tracking above prior expectations, and clearer disclosure on the standalone advertising business that should improve investor confidence in the scalability of this new revenue stream. With a reaffirmed price target of $30 implying sizable upside from the current share price, Bales sees an attractive risk-reward profile supported by accelerating revenue growth and expanding margins.
In another report released yesterday, Citi also maintained a Buy rating on the stock with a A$32.10 price target.
LIFX’s price has also changed dramatically for the past six months – from A$45.800 to A$20.110, which is a -56.09% drop .