Life360 price target raised to $71 from $57 at UBS

UBS raised the firm’s price target on Life360 (LIF) to $71 from $57 and keeps a Buy rating on the shares. Apple’s (AAPL) WWDC developer conference didn’t feature evidence that Apple is pushing more aggressively into the “Find My” offering, and is instead doubling down on its “privacy first” ethos, the analyst tells investors in a research note. UBS remains constructive on Life360 and sees scope for further upside to estimates in the form of App Store fee relief in the U.S., faster execution on the ads opportunity, and the roll out of Pet and Elder monitoring.