Life360 initiated with an Overweight at JPMorgan

JPMorgan analyst Bob Chen initiated coverage of Life360 (LIF) with an Overweight rating and A$58 price target Life360 is the leading global family location safety app, protecting almost 90M users, the analyst tells investors in a research note. The firm says the company is seeing strong growth in its core markets while expanding into internationally. Life360 is positioned to accelerate monetization with advertising and higher penetration of paid “circles,” contends JPMorgan.