Life360 price target raised to $35 from $32 at UBS

UBS analyst Chris Kuntarich raised the firm’s price target on Life360 (LIF) to $35 from $32 and keeps a Neutral rating on the shares. Life360 reported a strong Q2 print that flows through to a $4M/$6M increase to the mid-point of the FY24 revenue/ adjusted EBITDA guidance which now reflects 22.8% year over year growth/10% margins, the analyst tells investors in a research note. Partnerships with Trade Desk (TTD) and Google (GOOG) are a strong step in the right direction and could deliver a sharper ramp than the $1 ad ARPU by FY28E the firm is modeling, UBS says.