Loop Capital raised the firm’s price target on Life360 (LIF) to $58 from $52 and keeps a Buy rating on the shares. The company reported a solid result for Q1 with upside in paid subscribers and an upward revision to guidance for subscription revenue this year, while its Other revenue – data and advertising – doubled y/y and was also well ahead of consensus, the analyst tells investors in a research note.
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Read More on LIF:
- Life360, Inc. Reports Strong Quarterly Earnings Growth
- Life360 reports Q1 net income $4.38M vs. ($9.78M) last year
- Life360 sees fiscal revenue $450M-$480M, consensus $466.08M
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