UBS initiated coverage of Life360 with a Neutral rating and $32 price target. While UBS sees compelling revenue growth opportunities in Life360’s tiered subscription roll-out to international markets, scaling user acquisition marketing budgets, and ramping advertising efforts, shares already price in 25% FY25 revenue growth, implying an acceleration from the high end of FY24 revenue guidance for 23% year over year, the analyst tells investors in a research note. Life360 could accelerate revenue in FY25, but based on the firm’s current Subscription and Hardware revenue estimates, it would have to deliver 50c of ad ARPU to achieve 25% y/y total revenue growth in FY25.