Goldman Sachs Reiterates Buy Rating on Liftoff Mobile, Inc.
Goldman Sachs maintains a buy rating for Liftoff Mobile, Inc. with a $40 price target, a 66.53% upside from the current price.
Key Points
- Goldman Sachs reiterated its buy rating on Liftoff Mobile, Inc. (LFTO) with a price target of $40 on June 29, 2026.
- Goldman Sachs's $40 price target implies 66.53% upside from Liftoff Mobile, Inc.'s ($LFTO) current $24.02 share price.
- Shares of LFTO traded near $25.47 on Wednesday, with a market cap of $4.07 billion and a forward P/E of 17.31.
- Insider buying activity included General Atlantic purchasing shares at $23 each on June 5, 2026.
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Goldman Sachs analyst Eric Sheridan has reiterated a buy rating on Liftoff Mobile, Inc. (NasdaqGS: LFTO) with a price target of $40. This reaffirmation came on June 29, 2026, as the stock traded near $25.47 on Wednesday.
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Liftoff Mobile, Inc. Stock Up 27.0%
Shares of NasdaqGS:LFTO traded around $25.47 on Wednesday. Liftoff Mobile, Inc. has a market capitalization of approximately $4.07 billion. The company has a high P/E ratio of 184.77 but a more moderate forward P/E of 17.31. Its stock has seen a 52-week low of $23.08 and a high of $30.10. The 50-day and 200-day moving averages are both around $26.03. Liftoff Mobile maintains a current ratio of 1.17 and a quick ratio of 1.11.
$LFTO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Liftoff Mobile, Inc.
Recent insider activity at Liftoff Mobile, Inc. includes significant purchases by General Atlantic (LFT), L.P. and General Atlantic GenPar, L.P. Both entities bought 1,304,347 shares each at an average price of $23 on June 5, 2026. These transactions were not conducted under a Rule 10b5-1 plan.
Analysts Set New Price Targets
On June 29, 2026, several firms initiated coverage on Liftoff Mobile, Inc. Morgan Stanley started with a hold rating and a $30 target. UBS initiated a buy rating with a $38 target, while Jefferies set a buy rating with a $34 target. RBC Capital also began coverage with a buy rating, targeting $35. Raymond James, Cantor Fitzgerald, Deutsche Bank, and Barclays all initiated buy ratings with targets of $32, $33, $37, and $34, respectively. The consensus among analysts is a buy rating, with a mean price target of $35.20 based on opinions from 10 analysts.
About Liftoff Mobile, Inc.
Liftoff Mobile, Inc. specializes in mobile advertising and performance marketing solutions. Headquartered in Redwood City, California, the company offers a platform known as Cortex, which uses advanced neural network technology to enhance ad campaign performance. Liftoff also provides a demand-side platform (DSP) for predictive capabilities and a supply-side platform (SSP) to broaden ad reach. Founded in 2011, the company employs 652 people and is led by CEO Jeremy N. Bondy.
Bottom Line
Goldman Sachs' reiteration of a buy rating on Liftoff Mobile, Inc. underscores confidence in the company's potential, with a price target set at $40. Investors should note that 13F filings are backward-looking and may not reflect the most current positions. Liftoff's strong analyst ratings and recent insider buying activity are key factors for those tracking the stock.
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