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Investing.com - Stifel raised its price target on Life360 (NASDAQ:LIF) to $92.00 from $87.00 on Tuesday, while maintaining a Buy rating following the company’s better-than-expected second-quarter results. The stock, currently trading at $73.74 with a market cap of $5.7 billion, has delivered an impressive 79% return year-to-date according to InvestingPro data.
The family safety platform reported performance that exceeded expectations across all segments, prompting management to raise its full-year guidance. The company increased the midpoints of its forecasts for all three business segments, building on its strong 26% revenue growth and impressive 76% gross profit margin. InvestingPro analysis reveals 18+ additional key insights about Life360’s performance and valuation metrics.
Life360 announced a CEO transition, with the current COO taking over leadership responsibilities. Co-founder and CEO Chris Hulls will remain with the company in an executive chairman role, a move Stifel indicated was largely anticipated.
User growth metrics remain strong, with healthy monthly active user (MAU) trends and growth in paying circles, particularly in Triple-Tier markets which are outpacing the overall business. The company’s newer revenue streams, including data and advertising, grew 100% year-over-year, supporting margin improvement.
Life360 confirmed it remains on track to release GPS-enabled pet trackers before the end of 2025, with elder care products planned for 2026. Stifel cited continued outsized growth alongside scaling long-term opportunities, particularly in advertising, as key factors behind the price target increase.
In other recent news, Life360 announced a significant leadership change, promoting Lauren Antonoff to Chief Executive Officer while co-founder Chris Hulls transitions to the role of Executive Chairman. Additionally, Life360’s first-quarter performance exceeded expectations, with a notable increase in advertising revenue, reaching $4.6 million, compared to $100,000 in the same period last year. This performance led Stifel to maintain its Buy rating on the stock with a $48 price target. UBS also adjusted its outlook, raising the price target to $71 from $57, citing reduced competition concerns from Apple (NASDAQ:AAPL)’s services. Similarly, Citizens JMP increased its price target to $62 from $55, maintaining a Market Outperform rating after engaging with the company’s management. At the recent Annual Meeting of Stockholders, Life360 shareholders approved the election of three directors, including Chris Hulls, Charles Prober, and John Philip Coghlan. The company is also preparing to launch a pet tracking feature in late 2025, focusing on international markets to counteract tariff impacts.
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