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Life360 initiated with a Buy at Citi

Citi initiated coverage of Life360 (LIF) with a Buy rating and $90 price target The firm says Life360 is the market leader in location-based family safety. The company is in the early stages of transitioning from an app to a family safety technology ecosystem, the analyst tells investors in a research note. Citi sees an opportunity for the company to monetize its free user base.

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