Liftoff Mobile (NASDAQ:LFTO) Stock Rating Raised to “Buy” at Freedom Broker

Liftoff Mobile (NASDAQ:LFTO) was upgraded by stock analysts at Freedom Broker from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. The brokerage currently has a $27.00 price target on the stock. Freedom Broker‘s target price suggests a potential upside of 44.31% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Morgan Stanley cut their target price on shares of Liftoff Mobile from $30.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. Cannonball Research raised Liftoff Mobile to a “hold” rating in a research report on Saturday, September 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $26.00 price target on shares of Liftoff Mobile in a report on Wednesday, October 14th. Wedbush assumed coverage on Liftoff Mobile in a research report on Tuesday, October 27th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, BTIG Research dropped their price target on Liftoff Mobile from $35.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.22.

Liftoff Mobile Trading Up 0.9%

Shares of NASDAQ:LFTO opened at $18.71 on Friday. The stock has a market cap of $3.17 billion and a P/E ratio of -623.67. Liftoff Mobile has a 52 week low of $13.95 and a 52 week high of $30.10. The company has a 50 day moving average price of $16.71.

Liftoff Mobile (NASDAQ:LFTO) last posted its quarterly earnings data on Thursday, November 12th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.30. The firm had revenue of $237.52 million during the quarter. As a group, sell-side analysts predict that Liftoff Mobile will post 0.78 EPS for the current year.

Institutional Trading of Liftoff Mobile

Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. purchased a new position in Liftoff Mobile during the third quarter valued at approximately $27,000. Parkside Financial Bank & Trust acquired a new position in Liftoff Mobile in the 2nd quarter valued at approximately $30,000. WT Asset Management Ltd purchased a new stake in Liftoff Mobile in the 2nd quarter worth approximately $480,000. Legal & General Group Plc purchased a new stake in Liftoff Mobile in the 2nd quarter worth approximately $486,000. Finally, Bank of America Corp DE purchased a new stake in Liftoff Mobile in the 2nd quarter worth approximately $1,282,000.

Key Headlines Impacting Liftoff Mobile

Here are a few of the latest headlines about LFTO:

• Positive Sentiment: Q3 EPS was $0.47, topping the $0.17 consensus estimate, on revenue of $237.52 million. Coverage highlighted margin expansion, and shares gained after hours following the results. Liftoff Mobile Swings to Q3 Profit as Revenue Rises; Shares Gain After Hours
• Positive Sentiment: Management forecast Q4 revenue of $244–$249 million, above the $232.3 million consensus estimate. Its FY2026 revenue outlook of $907–$912 million also exceeded the $879 million consensus, signaling stronger expected growth. Liftoff Mobile Q4 Revenue Guidance
• Positive Sentiment: Freedom Capital upgraded LFTO from “hold” to “buy” and set a $27 price target, equivalent to 44.3% upside from the cited $18.71 price. Freedom Capital Stock Recommendations

About Liftoff Mobile

Liftoff Mobile provides marketing and monetization technology for mobile apps. Its platform helps app developers and publishers attract users, promote engagement and generate revenue through in-app advertising. The company’s services include user acquisition campaigns, advertising creative tools, audience targeting and optimization, and monetization solutions that connect app publishers with advertisers. Liftoff uses data and machine-learning technology to help clients manage and improve campaign performance across mobile platforms.