LIFE360 shares raise as a FY result and Outlook analysts -Capital letter impress

The news: LIFE360 shares have won the Open market after Bell Potter, Goldman Sachs and Morningstar have made all upgrades to the app manufacturer.

The numbers: LIFE360 shares rose by 1.6% to $ 23.68 at 10:40 a.m. AEDT after they rose by 7.2% on Friday after the company was published.

The following upgrades carried out analysts:

• Bell Potter: Course target by 1% to 28 US
• Goldman Sachs: Course goal 8% to $ 27
• Morningstar: Fair value rose by 4% to $ 18.70

The context: Bell Potter and Goldman Sachs both confirmed “Buy” hinders for LIFE360 and found that the company's total year and 2025 instructions were better than expected.

The Bell Potter analyst Chris Savage marked that the “short -term focus” for the share lies whether it or not receives entry into the S&P/ASX 100 index.

The Morningstar -Analyst Roy van Keulen said that the company had a strong year in which sales rose by 22% and the international monthly active users rose by almost 50%. However, he believes that LIFE360 shares are overrated, the market overlapping in the app advertising.

What they said: “Most apps cannot improve targeting over time to offer advertisers additional value,” said Van Keulen. “… we cannot see that the company develops applications to make advertising more.”

The sources: Bell Potter ResearchPresent Goldman Sachs ResearchPresent Morningstar Research