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Highlights
- Life360 reaches all-time high of $23.75 following UBS's price target upgrade.
- UBS raises price target to $50, up from $35, citing strong Q3 results and future growth potential.
- Increase in marketing efforts and U.S. TV ad campaign expected to boost user growth.
Life360 (ASX:360), the family tracking and communication app, has reached a new all-time high after UBS raised its price target for the company’s U.S. shares. The price target was increased to $50 from the previous $35, reflecting the company’s recent performance and strong future prospects.
UBS analyst Chris Kuntarich highlighted the significant growth in Life360’s third-quarter results, which were driven by increased marketing initiatives and the company’s strategy to expand its user base through more exposure. The lifting of the price target was driven by this positive performance, as well as the anticipated impact of a U.S. television advertising campaign, which is expected to bring in new users and further elevate Life360’s market position.
According to UBS’s revised price target, Life360’s U.S. share price reflects a 36x earnings multiple in fiscal year 2026, compared to 41x in fiscal year 2025. This forecast also includes expectations for the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow to $115 million in FY26, up from $68 million in the previous financial year.
The company has shown remarkable resilience and adaptability in growing its user base, and the raised price target reflects confidence in Life360’s ability to expand further. The anticipated increase in brand awareness through the new ad campaign, coupled with its enhanced marketing efforts, is seen as crucial to the company’s growth strategy. Life360 has become a dominant player in the family communication and safety app market, serving millions of families worldwide by providing real-time location tracking, emergency alerts, and other safety features.
With the company continuing to innovate and enhance its service offering, there is a growing sense of optimism around its long-term growth prospects. While the stock's performance has already reflected some of these positive developments, Life360’s strategy to engage more users and increase brand recognition is likely to have a significant impact in the coming months.
Overall, Life360's recent price surge and the increased price target by UBS highlight a positive outlook for the company as it continues to expand its reach and services in the competitive family safety market.
