Life360 price target raised to $52 from $44 at Loop Capital

Loop Capital raised the firm’s price target on Life360 (LIF) to $52 from $44 and keeps a Buy rating on the shares after its Q3 earnings beat last week. The firm is rolling forward to include 2026 estimates while noting that the stock deserves to trade at its current premium because the company is growing both revenue and users considerably faster than peers in the comparison set, and given that its opportunity is still relatively unserved, the analyst tells investors in a research note. The company is positioned to deliver unique data insights to advertising partners and capture meaningful value from its free users while it continues to drive healthy subscription growth for many years to come, Loop added.