BTIG Reiterates Buy Rating for Liftoff Mobile, Inc. (LFTO)
BTIG maintains a buy rating on Liftoff Mobile with a $35 target, a 45.71% upside from the current price.
Key Points
- BTIG reiterated its buy rating on Liftoff Mobile, Inc. (LFTO) with a price target of $35 on June 29, 2026.
- BTIG's $35 price target implies 45.71% upside from Liftoff Mobile, Inc.'s ($LFTO) current $24.02 share price.
- Shares of Liftoff Mobile traded at $25.47 on Wednesday, with a market cap of approximately $4.07 billion and a P/E ratio of 184.8.
- Several analysts initiated coverage on the same day, with targets ranging from $30 to $38, showing varied confidence in the stock's potential.
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BTIG has reiterated its buy rating for Liftoff Mobile, Inc. (NasdaqGS: LFTO), maintaining a price target of $35. This reaffirmation came on June 29, 2026, as shares traded around $25.47.
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Liftoff Mobile, Inc. Stock Up 27.0%
On Wednesday, shares of Liftoff Mobile traded near $25.47. The company boasts a market capitalization of about $4.07 billion and a high P/E ratio of 184.8, reflecting strong investor expectations. Its forward P/E is a more modest 17.3. Liftoff Mobile's stock has seen a 52-week low of $23.08 and a high of $30.10, with 50-day and 200-day moving averages both at $26.03.
$LFTO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Liftoff Mobile reported revenue of $741.4 million, marking a 37.1% growth. The company achieved a net margin of 3.01%, with earnings per share (EPS) of $0.13. These figures suggest robust growth and profitability, though the high P/E ratio indicates significant future growth expectations.
Insider Buying and Selling at Liftoff Mobile, Inc.
On June 5, 2026, GENERAL ATLANTIC (LFT), L.P. and GENERAL ATLANTIC GENPAR, L.P. each acquired 1,304,347 shares of Liftoff Mobile at a price of $23 per share. These transactions were not part of planned trading.
Analysts Set New Price Targets
On June 29, 2026, several firms initiated coverage on Liftoff Mobile. Morgan Stanley started with a hold rating and a $30 target, while UBS, Jefferies, and RBC Capital each initiated with buy ratings and targets of $38, $34, and $35 respectively. Raymond James and Cantor Fitzgerald also rated it a buy, with targets of $32 and $33. Deutsche Bank and Barclays followed suit with buy ratings and targets of $37 and $34.
About Liftoff Mobile, Inc.
Liftoff Mobile, Inc. is a Redwood City, California-based company specializing in mobile advertising and performance marketing solutions. Founded in 2011, it offers the Cortex platform, which uses neural networks to optimize ad campaigns. Liftoff also provides DSP and SSP products to enhance user acquisition and monetization. Led by CEO Jeremy N. Bondy, the company employs 652 people and operates both domestically and internationally.
Bottom Line
BTIG's reiteration of a buy rating for Liftoff Mobile underscores continued confidence in the company's growth prospects. Investors keep an eye on such ratings for insights into potential future performance, although 13F and analyst reports are backward-looking and not indicative of current positions. With strong revenue growth and multiple analysts initiating coverage, Liftoff Mobile remains a stock to watch.
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