Raymond James Reiterates Buy Rating on Liftoff Mobile, Inc.
Raymond James maintains its buy rating on Liftoff Mobile, Inc. with a $32 price target, a 33.22% upside from the current price.
Key Points
- Raymond James reiterated its buy rating on Liftoff Mobile, Inc. (NasdaqGS: LFTO) on June 29, 2026, with a price target of $32.
- Raymond James's $32 price target implies 33.22% upside from Liftoff Mobile, Inc.'s ($LFTO) current $24.02 share price.
- On Wednesday, Liftoff Mobile's stock traded near $25.47, with a market cap of approximately $4.07 billion and a forward P/E ratio of 17.3.
- Insiders at Liftoff Mobile, including General Atlantic, made significant purchases earlier in June, while multiple analysts have recently initiated coverage with strong ratings.
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Raymond James has reaffirmed its buy rating on Liftoff Mobile, Inc. (NasdaqGS: LFTO), setting a price target of $32. This update came on June 29, 2026, as analyst Andrew Marok expressed continued confidence in the company's prospects.
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Liftoff Mobile, Inc. Stock Up 27.0%
Shares of Liftoff Mobile traded near $25.47 on Wednesday. The company boasts a market capitalization of about $4.07 billion. It has a forward P/E ratio of 17.3, indicating investor expectations for future earnings growth. The stock's 52-week range has seen a low of $23.08 and a high of $30.10. The 50-day and 200-day moving averages both stand at $26.03, suggesting recent price stability.
$LFTO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Liftoff Mobile reported revenues of $741.4 million, reflecting a growth rate of 37.1%. The company's earnings per share (EPS) is $0.13, with a net margin of 3.01%. Investors can expect the next earnings report to provide further insights into the company's financial health.
Insider Buying and Selling at Liftoff Mobile, Inc.
Insider activity at Liftoff Mobile has shown positive interest, with General Atlantic (LFT), L.P. acquiring 1,304,347 shares at an average price of $23.00 on June 5, 2026. This move suggests confidence in the company's future prospects.
Analysts Set New Price Targets
On June 29, 2026, several analysts initiated coverage on Liftoff Mobile. Morgan Stanley started with a hold rating and a $30 target, while UBS initiated with a buy rating and a $38 target. Jefferies, RBC Capital, and Deutsche Bank also issued buy ratings, with targets ranging from $34 to $37. The consensus among analysts is a positive outlook, with a mean target price of $35.2.
About Liftoff Mobile, Inc.
Liftoff Mobile, Inc., headquartered in Redwood City, California, operates in the communication services sector, specifically in advertising agencies. The company provides mobile advertising and performance marketing solutions through its platform, Cortex, which uses advanced neural network technology to optimize ad campaigns. Founded in 2011, Liftoff Mobile is led by CEO Jeremy N. Bondy and employs 652 people.
Bottom Line
Raymond James's reiteration of a buy rating underscores confidence in Liftoff Mobile's business model and growth potential. With strong insider buying and a series of positive analyst ratings, the company remains a focal point for investors. As always, it's important to remember that 13F filings and analyst ratings are based on past data and do not necessarily reflect current positions or future performance.
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