Raymond James Reiterates Buy Rating on LFTO
Analyst Andrew Marok of Raymond James reaffirmed a buy rating on LFTO with a $32 price target, a 25.64% upside from the current price.
Key Points
- Raymond James reiterated its buy rating on LFTO with a $32 price target, as announced on June 29, 2026.
- Raymond James's $32 price target implies 25.64% upside from Liftoff Mobile, Inc.'s ($LFTO) current $25.47 share price.
- LFTO shares traded at $27.39 on Monday, reflecting the market's current valuation.
- Other analysts, including Jefferies and RBC Capital, have also initiated buy ratings with price targets ranging from $32 to $40.
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Raymond James has reaffirmed its buy rating on LFTO, maintaining a price target of $32. This decision was announced by analyst Andrew Marok on June 29, 2026. LFTO shares were trading at $27.39 on Monday, providing a context for the analyst's outlook.
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Analysts Set New Price Targets
On June 29, 2026, several analysts set new buy ratings for LFTO. Jefferies initiated coverage with a buy rating and a $34 target, while RBC Capital also started with a buy rating, setting the target at $35. Raymond James, along with Cantor Fitzgerald, initiated buy ratings, with targets at $32 and $33 respectively. Deutsche Bank was more optimistic with a $37 target, and Barclays and Wells Fargo both set their targets at $34 and $32. Goldman Sachs topped the list with a $40 target.
About LFTO
LFTO operates in a sector that wasn't specified in the data provided, but it has garnered attention from multiple analysts, indicating its significance in its industry. The company is likely involved in activities attracting a range of institutional interest, given the flurry of buy ratings.
Bottom Line
Raymond James's reaffirmation of a buy rating on LFTO, along with the price target of $32, suggests continued confidence in the company's prospects. With several other firms also initiating buy ratings, LFTO has captured significant analyst interest. Investors often track such ratings for insights, though it's important to remember these are backward-looking assessments and not current recommendations.
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