Liftoff Mobile (NASDAQ:LFTO – Get Free Report) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.
LFTO has been the subject of a number of other reports. Cantor Fitzgerald began coverage on shares of Liftoff Mobile in a research report on Monday. They set an “overweight” rating and a $33.00 price target for the company. Barclays assumed coverage on Liftoff Mobile in a research report on Monday. They issued an “overweight” rating and a $34.00 price objective on the stock. Royal Bank Of Canada started coverage on Liftoff Mobile in a research report on Monday. They set an “outperform” rating and a $35.00 target price for the company. Wells Fargo & Company assumed coverage on Liftoff Mobile in a research note on Monday. They issued an “overweight” rating and a $32.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $37.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.17.
Check Out Our Latest Stock Report on LFTO
Liftoff Mobile Stock Up 4.0%
Insider Buying and Selling at Liftoff Mobile
In related news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $23.00 per share, with a total value of $29,999,981.00. Following the acquisition, the director owned 25,315,646 shares of the company’s stock, valued at approximately $582,259,858. The trade was a 5.43% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
More Liftoff Mobile News
Here are the key news stories impacting Liftoff Mobile this week:
- Positive Sentiment: Barclays began coverage with an overweight rating and a $34 price target, implying meaningful upside for LFTO. Barclays initiates coverage on Liftoff Mobile
- Positive Sentiment: Jefferies started coverage with a strong-buy rating and a $34 target, adding to the bullish tone around the stock. Jefferies initiates coverage on Liftoff Mobile
- Positive Sentiment: UBS initiated coverage with a strong-buy rating and a $38 target, one of the highest on the Street and a sign of strong confidence in upside. UBS initiates coverage on Liftoff Mobile
- Positive Sentiment: Additional positive initiations came from Cantor Fitzgerald, Wells Fargo, BTIG, Goldman Sachs, RBC, and Raymond James, with targets ranging from $32 to $40, reinforcing expectations for further gains. Multiple analyst initiations on Liftoff Mobile
- Positive Sentiment: A Seeking Alpha analysis argued LFTO has an edge in mobile advertising thanks to its dual demand-and-supply platform, Cortex engine, 130% LTM net dollar retention, and expansion beyond gaming into other app categories, suggesting a long growth runway. Seeking Alpha article on Liftoff Mobile
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