BTIG Research restated their buy rating on shares of Liftoff Mobile (NASDAQ:LFTO – Free Report) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $35.00 price target on the stock.
Several other research analysts also recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They issued a “buy” rating and a $34.00 target price for the company. Wolfe Research began coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They set a “peer perform” rating on the stock. Barclays started coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They set an “overweight” rating and a $34.00 price target on the stock. Morgan Stanley initiated coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They issued an “equal weight” rating and a $30.00 price objective for the company. Finally, William Blair began coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Liftoff Mobile currently has an average rating of “Moderate Buy” and an average price target of $35.69.
Get Our Latest Research Report on Liftoff Mobile
Liftoff Mobile Stock Performance
Liftoff Mobile (NASDAQ:LFTO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.52) by $0.49. The company had revenue of $219.51 million during the quarter. As a group, equities research analysts forecast that Liftoff Mobile will post 0.7 earnings per share for the current year.
Insiders Place Their Bets
In other Liftoff Mobile news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $23.00 per share, with a total value of $29,999,981.00. Following the transaction, the director owned 25,315,646 shares in the company, valued at approximately $582,259,858. This trade represents a 5.43% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Hedge Funds Weigh In On Liftoff Mobile
A hedge fund recently bought a new position in Liftoff Mobile stock. WT Asset Management Ltd bought a new stake in Liftoff Mobile, Inc. (NASDAQ:LFTO – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $480,000. Liftoff Mobile accounts for about 0.0% of WT Asset Management Ltd’s investment portfolio, making the stock its 25th biggest holding.
Key Headlines Impacting Liftoff Mobile
Here are the key news stories impacting Liftoff Mobile this week:
- Positive Sentiment: Significant earnings beat: Liftoff reported a second-quarter loss of $0.03 per share, substantially better than the $0.52-per-share loss analysts expected. Revenue totaled $219.51 million, providing evidence of improving operating performance. Liftoff Q2 Earnings Snapshot
- Positive Sentiment: Analysts remain bullish: BTIG Research reaffirmed its “buy” rating and assigned a $35 price target. Cantor Fitzgerald maintained an “overweight” rating, despite trimming its target from $33 to $32. Both targets imply substantial upside from recent trading levels. Analyst rating reports
- Positive Sentiment: Growth strategy viewed favorably: RBC highlighted Liftoff’s Cortex Engine and expansion across vertical markets as potential drivers of durable growth, strengthening the investment case for the mobile advertising technology company. RBC commentary on Liftoff’s Cortex Engine
- Neutral Sentiment: Management commentary is in focus: The Q2 earnings call transcripts provide additional discussion of results, business trends, and forward expectations that investors will use to evaluate whether the earnings improvement can continue. Liftoff Mobile Q2 FY2026 earnings call transcript
- Negative Sentiment: Target reduction and technical caution: Cantor’s lower price target signals some moderation in expectations, while LFTO’s position below its 50-day moving average and its recent decline from the 12-month high may limit enthusiasm despite the earnings beat.
Liftoff Mobile Company Profile
Liftoff Mobile Inc provides marketing and monetization solutions for the mobile app economy. Liftoff Mobile Inc is based in REDWOOD CITY, Calif.
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