The Goldman Sachs Group upgraded shares of Liftoff Mobile (NASDAQ:LFTO – Free Report) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.
A number of other brokerages have also recently issued reports on LFTO. Deutsche Bank Aktiengesellschaft began coverage on Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $37.00 target price for the company. Barclays began coverage on Liftoff Mobile in a research note on Monday. They set an “overweight” rating and a $34.00 price target on the stock. Wells Fargo & Company initiated coverage on Liftoff Mobile in a report on Monday. They set an “overweight” rating and a $32.00 price target on the stock. UBS Group began coverage on Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $38.00 price objective for the company. Finally, Jefferies Financial Group initiated coverage on shares of Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $34.00 price objective for the company. Four equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $35.17.
Check Out Our Latest Stock Analysis on LFTO
Liftoff Mobile Stock Down 7.0%
Insider Activity at Liftoff Mobile
In related news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were bought at an average cost of $23.00 per share, with a total value of $29,999,981.00. Following the completion of the purchase, the director directly owned 25,315,646 shares in the company, valued at $582,259,858. The trade was a 5.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
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