Life360 price target raised to $62 from $55 at Citizens JMP

Citizens JMP raised the firm’s price target on Life360 (LIF) to $62 from $55 and keeps an Outperform rating on the shares. Life360’s freemium model is a significant moat, while family safety and location services for parents is a global opportunity, the analyst tells investors in a research note. The business has multiple levers to sustain growth, while app store changes to billing could meaningfully inflect margins over time, the firm says.