Liftoff Mobile (NASDAQ:LFTO) Stock Rating Upgraded by Zacks Research

Liftoff Mobile (NASDAQ:LFTO) was upgraded by analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research firms also recently issued reports on LFTO. Barclays began coverage on Liftoff Mobile in a research report on Monday. They issued an “overweight” rating and a $34.00 target price for the company. Wall Street Zen upgraded Liftoff Mobile to a “hold” rating in a research note on Saturday, June 6th. William Blair initiated coverage on Liftoff Mobile in a report on Monday. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, Royal Bank Of Canada began coverage on shares of Liftoff Mobile in a report on Monday. They set an “outperform” rating and a $35.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.17.

Liftoff Mobile Price Performance

NASDAQ:LFTO opened at $24.98 on Tuesday. Liftoff Mobile has a 12 month low of $23.08 and a 12 month high of $30.10.

Insider Activity at Liftoff Mobile

In related news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of Liftoff Mobile stock in a transaction dated Friday, June 5th. The stock was 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 in the company, valued at $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 Securities & Exchange Commission, which is accessible through this link.

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