Chris Kuntarich, an analyst from UBS, maintained the Buy rating on Life360, Inc.. The associated price target remains the same with $120.00.
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Chris Kuntarich has given his Buy rating due to a combination of factors that indicate potential growth and stability for Life360, Inc. The analyst anticipates that the company’s recent launch of the Pet GPS product could extend subscriber lifetimes, even though it may not immediately drive significant free-to-paid conversions. This product, along with the company’s efforts to reduce churn, could enhance the lifetime value of customer cohorts.
Additionally, Kuntarich highlights the promising outlook for Life360’s advertising segment. Conversations with advertisers suggest a substantial increase in ad spending, with expectations to double in the coming year. This growth is supported by the company’s unique ad offerings and improvements in targeting capabilities. Despite some cautious notes on ad load and insurance lead generation, the overall sentiment remains positive, contributing to the Buy rating.
According to TipRanks, Kuntarich is a 4-star analyst with an average return of 27.9% and a 60.00% success rate. Kuntarich covers the Technology sector, focusing on stocks such as Unity Software, Duolingo, and Ibotta, Inc. Class A.