Cantor Fitzgerald Cuts Liftoff Mobile (NASDAQ:LFTO) Price Target to $32.00

Liftoff Mobile (NASDAQ:LFTO) had its price objective trimmed by Cantor Fitzgerald from $33.00 to $32.00 in a research report sent to investors on Thursday, MarketBeat.com reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also recently issued reports on LFTO. Wolfe Research began coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They issued a “peer perform” rating for the company. Weiss Ratings initiated coverage on Liftoff Mobile in a report on Thursday, June 4th. They set a “sell (e)” rating for the company. Jefferies Financial Group assumed coverage on Liftoff Mobile in a research report on Monday, June 29th. They issued a “buy” rating and a $34.00 price objective for the company. Raymond James Financial assumed coverage on Liftoff Mobile in a research note on Monday, June 29th. They issued an “outperform” rating and a $32.00 price objective on the stock. Finally, Wall Street Zen upgraded Liftoff Mobile to a “hold” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Liftoff Mobile presently has an average rating of “Moderate Buy” and an average price target of $35.69.

Liftoff Mobile Stock Up 7.7%

Shares of LFTO stock opened at $21.61 on Thursday. Liftoff Mobile has a 12-month low of $19.81 and a 12-month high of $30.10. The company’s 50-day moving average price is $24.21.

Liftoff Mobile (NASDAQ:LFTO) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.49. The firm had revenue of $219.51 million during the quarter. On average, equities research analysts expect that Liftoff Mobile will post 0.7 EPS for the current fiscal year.

Insider Activity

In related news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of Liftoff Mobile stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $23.00 per share, for a total transaction of $29,999,981.00. Following the completion of the transaction, the director owned 25,315,646 shares of the company’s stock, valued at approximately $582,259,858. This trade represents a 5.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Liftoff Mobile stock. Legal & General Group Plc acquired a new position in shares of Liftoff Mobile, Inc. (NASDAQ:LFTO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $486,000.

Trending Headlines about 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.