DA Davidson starts Life360 at Buy on international MAU growth prospects

As previously reported, DA Davidson initiated coverage of Life360 (LIF) with a Buy rating and $94 price target Life360 is “on the cusp of establishing broader awareness in many underpenetrated countries,” which the firm thinks will drive outsized international MAU growth, the analyst tells investors. Continued advertising initiatives, combined with pet GPS subs, should result in higher margin revenues flowing through, the analyst added.