Liftoff Mobile (NASDAQ:LFTO) Raised to Buy at Wall Street Zen

Liftoff Mobile (NASDAQ:LFTO) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research firms have also weighed in on LFTO. Barclays started coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They set an “overweight” rating and a $34.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They set a “buy” rating and a $37.00 price objective for the company. Morgan Stanley assumed coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They issued a “buy” rating and a $34.00 target price for the company. Finally, BTIG Research reiterated a “buy” rating and set a $35.00 target price on shares of Liftoff Mobile in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twelve 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.69.

Liftoff Mobile Stock Performance

Shares of LFTO opened at $21.61 on Friday. Liftoff Mobile has a 1 year low of $19.81 and a 1 year high of $30.10. The stock’s 50-day moving average is $24.21.

Liftoff Mobile (NASDAQ:LFTO) last announced 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 company had revenue of $219.51 million during the quarter. As a group, equities analysts predict that Liftoff Mobile will post 0.7 earnings per share for the current year.

Insiders Place Their Bets

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $23.00 per share, with a total value of $29,999,981.00. Following the purchase, the director directly owned 25,315,646 shares of the company’s stock, valued at $582,259,858. The trade was a 5.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Trading of Liftoff Mobile

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

Key Liftoff Mobile News

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.

About Liftoff Mobile

Liftoff Mobile Inc provides marketing and monetization solutions for the mobile app economy. Liftoff Mobile Inc is based in REDWOOD CITY, Calif.