Liftoff Mobile (NASDAQ:LFTO) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Liftoff Mobile (NASDAQ:LFTO) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Barclays assumed coverage on Liftoff Mobile in a report on Monday. They issued an “overweight” rating and a $34.00 target price on the stock. Royal Bank Of Canada began coverage on Liftoff Mobile in a research report on Monday. They issued an “outperform” rating and a $35.00 price target for the company. Weiss Ratings began coverage on shares of Liftoff Mobile in a research note on Thursday, June 4th. They issued a “sell (e)” rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $37.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on shares of Liftoff Mobile in a research note on Monday. They set an “equal weight” rating and a $30.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.17.

Liftoff Mobile Stock Performance

Liftoff Mobile stock opened at $24.98 on Tuesday. Liftoff Mobile has a twelve month low of $23.08 and a twelve month high of $30.10.

Insider Buying and Selling

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of Liftoff Mobile stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $23.00 per share, with a total value of $29,999,981.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Key Stories Impacting Liftoff Mobile

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