Jefferies Starts Life360 (LIF) at Buy

Jefferies analyst Wei Sim initiates coverage on Life360 (NASDAQ: LIF) with a Buy rating and a price target of $43.00.

The analyst comments "Life360 has launched its higher-tier paid "Triple Tier" product into ANZ market. Management believes a significant increase of ARPPC (average revenue per paying circle) will happen in FY24. The international expansion is ongoing. We think the upside from this has been still underestimated by the street."

For an analyst ratings summary and ratings history on Life360 click here. For more ratings news on Life360 click here.

Shares of Life360 closed at $32.10 yesterday.

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