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

Liftoff Mobile (NASDAQ:LFTO – Get Free Report) was upgraded by equities researchers at Freedom Capital from a “hold” rating to a “buy” rating in a research report issued on Friday, FinViz reports. The firm presently has a $27.00 price objective on the stock. Freedom Capital‘s price objective suggests a potential upside of 44.31% from the company’s previous close.

A number of other equities analysts also recently weighed in on LFTO. Weiss Ratings downgraded shares of Liftoff Mobile from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, October 13th. Wedbush started coverage on shares of Liftoff Mobile in a research note on Tuesday, October 27th. They set an “outperform” rating and a $25.00 price target on the stock. BTIG Research lowered their price target on shares of Liftoff Mobile from $35.00 to $27.00 and set a “buy” rating for the company in a report on Friday, October 9th. Wells Fargo & Company lowered their price target on shares of Liftoff Mobile from $34.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Finally, UBS Group dropped their price objective on shares of Liftoff Mobile from $39.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.12.

Read Our Latest Report on LFTO

Liftoff Mobile Price Performance

Shares of NASDAQ:LFTO opened at $18.71 on Friday. The firm has a fifty day simple moving average of $16.71. Liftoff Mobile has a twelve month low of $13.95 and a twelve month high of $30.10.

Liftoff Mobile (NASDAQ:LFTO – Get Free Report) last issued its quarterly earnings results on Thursday, November 12th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.30. The company had revenue of $237.52 million for the quarter. Equities analysts anticipate that Liftoff Mobile will post 0.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LFTO. Parkside Financial Bank & Trust acquired a new stake in shares of Liftoff Mobile during the second quarter worth $30,000. Russell Investments Group Ltd. acquired a new position in Liftoff Mobile in the third quarter valued at about $27,000. WT Asset Management Ltd bought a new position in Liftoff Mobile during the second quarter worth about $480,000. Legal & General Group Plc bought a new position in Liftoff Mobile during the second quarter worth about $486,000. Finally, Bank of America Corp DE bought a new position in Liftoff Mobile during the second quarter worth about $1,282,000.

More Liftoff Mobile News

These are some of the LFTO news items that stood out recently:

About Liftoff Mobile

(Get Free Report)

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.

Read More

Analyst Recommendations for Liftoff Mobile (NASDAQ:LFTO)

Receive News & Ratings for Liftoff Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liftoff Mobile and related companies with MarketBeat.com's FREE daily email newsletter.