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Citizens JMP raised its price target on Life360 (NASDAQ:LIF) to $62.00 from $55.00 on Monday, while maintaining a Market Outperform rating on the stock. The company’s stock has shown remarkable momentum, delivering a 101.7% return over the past year and trading near its 52-week high of $65.78.
The price target increase follows Citizens JMP’s 2025 New York City Internet bus tour last week, where the firm’s representatives met with management teams from several companies, including Life360.
Citizens JMP noted that while it came away most positive on Unity following the meetings, it continues to maintain its bullish stance on Life360 as reflected in the higher price target.
The firm’s Market Outperform rating on Life360 remains unchanged, indicating Citizens JMP’s continued confidence in the company’s growth prospects.
Life360, known for its location-sharing and family safety application, has been working to expand its service offerings and user base in the competitive mobile application market.
In other recent news, Life360 has reported its first-quarter performance, surpassing expectations with a notable increase in other revenue, driven by a surge in advertising revenue. Analysts at Stifel maintained a Buy rating with a $48 price target, highlighting the company’s strategic initiatives, including the introduction of a pet tracking feature and international market expansion. Loop Capital Markets also raised its price target for Life360 from $52 to $58, citing increased subscription revenue and a strategic shift in hardware sales. Meanwhile, JMP Securities reiterated a Market Outperform rating and a $55 price target, emphasizing Life360’s unique business model and growth in monthly active users.
The company announced a $25 million investment in Aura, a digital security company, with anticipated revenue contributions in the latter half of 2025. Additionally, Life360 aims to expand its total addressable market through adjacent markets such as advertising and pet services. The recent annual meeting of stockholders saw the approval of executive compensation and the election of three directors, reflecting strong shareholder confidence. These developments indicate Life360’s ongoing efforts to enhance its product offerings and expand its user base.
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