Liftoff Mobile (NASDAQ:LFTO) Upgraded to “Strong-Buy” at BTIG Research

Liftoff Mobile (NASDAQ:LFTO) was upgraded by investment analysts at BTIG Research to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also weighed in on LFTO. Jefferies Financial Group initiated coverage on Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $34.00 price target on the stock. The Goldman Sachs Group assumed coverage on Liftoff Mobile in a report on Monday. They issued a “buy” rating and a $40.00 price objective for the company. Needham & Company LLC started coverage on shares of Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $42.00 target price for the company. Cantor Fitzgerald initiated coverage on shares of Liftoff Mobile in a report on Monday. They set an “overweight” rating and a $33.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Liftoff Mobile in a report on Monday. They set a “buy” rating and a $37.00 target price on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $35.17.

Liftoff Mobile Stock Performance

LFTO opened at $25.47 on Monday. Liftoff Mobile has a 52-week low of $23.08 and a 52-week high of $30.10.

Insider Transactions at Liftoff Mobile

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of the business’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 completion of the transaction, the director directly owned 25,315,646 shares in the company, valued at approximately $582,259,858. This represents a 5.43% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.