Liftoff Mobile, Inc. (NASDAQ:LFTO) Receives $35.46 Average Target Price from Analysts

Liftoff Mobile, Inc. (NASDAQ:LFTOGet Free Report) has received an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $35.4615.

LFTO has been the subject of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on Liftoff Mobile in a research report on Monday, June 29th. They set an “overweight” rating and a $33.00 price objective for the company. Wall Street Zen raised shares of Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They set a “buy” rating and a $37.00 target price for the company. Royal Bank Of Canada initiated coverage on shares of Liftoff Mobile in a research report on Monday, June 29th. They set an “outperform” rating and a $35.00 price target for the company. Finally, BTIG Research initiated coverage on shares of Liftoff Mobile in a research note on Monday, June 29th. They issued a “buy” rating and a $35.00 price target on the stock.

Check Out Our Latest Analysis on LFTO

Insider Buying and Selling at Liftoff Mobile

In related news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $23.00 per share, for a total transaction of $29,999,981.00. Following the acquisition, the director owned 25,315,646 shares of the company’s stock, valued at approximately $582,259,858. This trade represents a 5.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Liftoff Mobile Stock Performance

Shares of Liftoff Mobile stock opened at $22.14 on Friday. Liftoff Mobile has a 52 week low of $21.50 and a 52 week high of $30.10.

Further Reading

Analyst Recommendations for Liftoff Mobile (NASDAQ:LFTO)

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