UBS Group Has Lowered Expectations for Liftoff Mobile (NASDAQ:LFTO) Stock Price

Key Points

• UBS cut Liftoff Mobile’s price target from $39 to $25 but maintained a Buy rating, implying roughly 55% upside from the stock’s $16.13 price.
• Other analysts have also reduced targets, including Cantor Fitzgerald to $22, BTIG Research to $27, and Wells Fargo to $21. Despite the cuts, analyst sentiment remains positive, with a consensus Moderate Buy rating and a $29.25 average target.
• Liftoff reported stronger-than-expected quarterly results, posting a loss of $0.03 per share versus estimates of $0.52, on revenue of $219.51 million. The stock remains near its 12-month low, with a market capitalization of approximately $2.73 billion.

Liftoff Mobile (NASDAQ:LFTO - Get Free Report) had its target price decreased by research analysts at UBS Group from $39.00 to $25.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target would indicate a potential upside of 54.99% from the company's current price.

LFTO has been the topic of a number of other research reports. Cantor Fitzgerald dropped their target price on shares of Liftoff Mobile from $32.00 to $22.00 and set an "overweight" rating on the stock in a research report on Monday, October 19th. Raymond James Financial reissued an "outperform" rating and issued a $33.00 price target on shares of Liftoff Mobile in a report on Thursday, August 13th. Freedom Broker upgraded shares of Liftoff Mobile to a "hold" rating in a research report on Thursday, September 10th. BTIG Research decreased their price target on shares of Liftoff Mobile from $35.00 to $27.00 and set a "buy" rating on the stock in a research report on Friday, October 9th. Finally, Zacks Research upgraded shares of Liftoff Mobile to a "hold" rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.25.

Liftoff Mobile Stock Performance

LFTO traded down $0.97 during midday trading on Wednesday, reaching $16.13. The company's stock had a trading volume of 823,429 shares, compared to its average volume of 844,130. The firm has a fifty day simple moving average of $17.22. The stock has a market capitalization of $2.73 billion and a PE ratio of -537.67. Liftoff Mobile has a twelve month low of $15.02 and a twelve month high of $30.10.

Liftoff Mobile (NASDAQ:LFTO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.52) by $0.49. The business had revenue of $219.51 million for the quarter. As a group, sell-side analysts expect that Liftoff Mobile will post 0.78 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LFTO. HBK Investments L P bought a new stake in Liftoff Mobile in the 2nd quarter valued at $6,155,000. Parkside Financial Bank & Trust bought a new position in shares of Liftoff Mobile during the 2nd quarter worth about $30,000. Readystate Asset Management LP bought a new position in shares of Liftoff Mobile during the 2nd quarter worth about $1,677,000. Alyeska Investment Group L.P. acquired a new stake in shares of Liftoff Mobile during the 2nd quarter valued at about $14,412,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Liftoff Mobile during the 2nd quarter valued at about $4,433,000.

More Liftoff Mobile News

Here are the key news stories impacting Liftoff Mobile this week:

• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $25 price target, citing Liftoff’s exposure to artificial-intelligence-driven growth and a discounted valuation. Wedbush Initiates Liftoff Mobile at Outperform With $25 Price Target
• Positive Sentiment: Wedbush said Liftoff is well positioned in mobile advertising segments that larger rivals often overlook, supporting the firm’s bullish outlook. Liftoff Well Positioned in Mobile Ad Segments
• Neutral Sentiment: Reported short interest was zero as of October 26, indicating little evidence of an active short-selling trade. However, this data provides limited support for the near-term share move.
• Negative Sentiment: Wells Fargo lowered its price target from $34 to $21 while retaining an Overweight rating. Although the revised target still implies substantial upside, the 38% reduction signals a more cautious valuation view and is likely weighing on investor sentiment.

About Liftoff Mobile

Liftoff Mobile, Inc is a global mobile app growth and monetization company that helps advertisers acquire, engage and retain users. Its technology uses machine learning, first-party data and automated optimization to support performance marketing campaigns across mobile applications and digital channels.

The company provides solutions for app advertisers, including user acquisition, retargeting, creative production and campaign measurement. Liftoff also serves publishers and app developers through advertising monetization products, helping them sell in-app inventory and generate revenue from their audiences.

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