BTIG Research Issues Positive Forecast for Liftoff Mobile (NASDAQ:LFTO) Stock Price

Liftoff Mobile (NASDAQ:LFTO) had its price target increased by BTIG Research from $27.00 to $31.00 in a research report report published on Friday, MarketBeat.com reports. BTIG Research currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on LFTO. Freedom Capital upgraded Liftoff Mobile from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Friday. Cannonball Research raised Liftoff Mobile to a “hold” rating in a report on Saturday, September 5th. Wells Fargo & Company dropped their price objective on Liftoff Mobile from $34.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. Loop Capital set a $27.00 target price on Liftoff Mobile in a research report on Friday, October 9th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $26.00 target price on shares of Liftoff Mobile in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Liftoff Mobile currently has an average rating of “Moderate Buy” and an average target price of $29.78.

Liftoff Mobile Stock Up 30.6%

LFTO opened at $24.44 on Friday. The firm has a fifty day moving average price of $16.83. Liftoff Mobile has a 1 year low of $13.95 and a 1 year high of $30.10.

Liftoff Mobile (NASDAQ:LFTO) last posted its earnings results on Thursday, November 12th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.30. The firm had revenue of $237.52 million for the quarter. On average, research analysts expect that Liftoff Mobile will post 0.78 EPS for the current fiscal year.

Institutional Trading of Liftoff Mobile

Several hedge funds and other institutional investors have recently made changes to their positions in LFTO. Boston Partners increased its holdings in Liftoff Mobile by 107.4% in the third quarter. Boston Partners now owns 1,480,509 shares of the company’s stock valued at $23,345,000 after purchasing an additional 766,512 shares during the period. Alyeska Investment Group L.P. bought a new position in Liftoff Mobile during the 2nd quarter worth $14,412,000. State Street Corp acquired a new position in Liftoff Mobile during the 3rd quarter worth about $5,691,000. HBK Investments L P acquired a new position in Liftoff Mobile during the 2nd quarter worth about $6,155,000. Finally, Wellington Management Group LLP acquired a new position in Liftoff Mobile during the 2nd quarter worth about $4,433,000.

Liftoff Mobile News Summary

Investors following LFTO have been watching these news items:

• Positive Sentiment: Q3 results topped estimates: Liftoff reported adjusted earnings of $0.47 per share, versus the $0.17 consensus, on revenue of $237.52 million. Coverage also pointed to AI-driven advertising growth and margin expansion as important drivers. Article: Why Is Liftoff Mobile Stock Skyrocketing Friday?
• Positive Sentiment: Several analysts raised targets or ratings: Deutsche Bank lifted its target to $32 and maintained Buy; RBC raised its target to $38 with Outperform, while BTIG and Wells Fargo also increased targets. Freedom upgraded LFTO from Hold to Buy. Article: Deutsche Bank raises Liftoff Mobile price target
• Neutral Sentiment: Analyst views remain mixed: Piper Sandler raised its target to $24 but kept a Neutral rating, while Barclays cut its target to $30 but retained Overweight. Article: Liftoff Mobile fair value and analyst targets

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.