Life360 price target raised to $86 from $75 at Canaccord

Canaccord raised the firm’s price target on Life360 (LIF) to $86 from $75 and keeps a Buy rating on the shares. The firm previewed Q2 results and noted despite premium valuations, strong tailwinds support continued upside for subscription names and recommended investors buy on dips. With robust core subscription growth, limited competition, and a high-margin, emerging advertising segment, they view Life360 as a durable, high-quality growth business that justifies its premium valuation.