Freedom Capital upgraded shares of Liftoff Mobile (NASDAQ:LFTO – Free Report) from a hold rating to a buy rating in a report published on Friday morning,FinViz reports. They currently have $27.00 target price on the stock.
A number of other analysts also recently commented on the company. Wells Fargo & Company decreased their target price on Liftoff Mobile from $34.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. UBS Group cut their price target on Liftoff Mobile from $39.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Wall Street Zen upgraded shares of Liftoff Mobile from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. BTIG Research lowered their price objective on shares of Liftoff Mobile from $35.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Finally, Weiss Ratings cut shares of Liftoff Mobile from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.78.
Liftoff Mobile Stock Up 30.6%
Shares of LFTO opened at $24.44 on Friday. Liftoff Mobile has a 52-week low of $13.95 and a 52-week high of $30.10. The company has a 50-day moving average of $16.83.
Liftoff Mobile (NASDAQ:LFTO – Get Free Report) last issued its earnings results on Thursday, November 12th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.30. The company had revenue of $237.52 million for the quarter. On average, equities research analysts forecast that Liftoff Mobile will post 0.78 EPS for the current fiscal year.
Hedge Funds Weigh In On Liftoff Mobile
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Partners boosted its holdings in Liftoff Mobile by 107.4% in the third quarter. Boston Partners now owns 1,480,509 shares of the company’s stock valued at $23,345,000 after acquiring an additional 766,512 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in Liftoff Mobile during the second quarter valued at approximately $14,412,000. State Street Corp purchased a new stake in Liftoff Mobile during the 3rd quarter worth $5,691,000. HBK Investments L P purchased a new stake in shares of Liftoff Mobile during the 2nd quarter valued at about $6,155,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Liftoff Mobile during the 2nd quarter valued at about $4,433,000.
Liftoff Mobile News Roundup
These are some of the LFTO news items that stood out recently:
- Positive Sentiment: Q3 results topped estimates: Liftoff reported adjusted earnings of $0.47 per share, versus the $0.17 consensus, on revenue of $237.52 million. Coverage also pointed to AI-driven advertising growth and margin expansion as important drivers. Article: Why Is Liftoff Mobile Stock Skyrocketing Friday?
- Positive Sentiment: Several analysts raised targets or ratings: Deutsche Bank lifted its target to $32 and maintained Buy; RBC raised its target to $38 with Outperform, while BTIG and Wells Fargo also increased targets. Freedom upgraded LFTO from Hold to Buy. Article: Deutsche Bank raises Liftoff Mobile price target
- Neutral Sentiment: Analyst views remain mixed: Piper Sandler raised its target to $24 but kept a Neutral rating, while Barclays cut its target to $30 but retained Overweight. Article: Liftoff Mobile fair value and analyst targets
Liftoff Mobile Company Profile
Liftoff Mobile provides marketing and monetization technology for mobile apps. Its platform helps app developers and publishers attract users, promote engagement and generate revenue through in-app advertising. The company’s services include user acquisition campaigns, advertising creative tools, audience targeting and optimization, and monetization solutions that connect app publishers with advertisers. Liftoff uses data and machine-learning technology to help clients manage and improve campaign performance across mobile platforms.
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