Jefferies Reiterates Buy Rating on Liftoff Mobile, Inc.
Jefferies maintains a buy rating on Liftoff Mobile with a $34 price target, a 41.55% upside from the current price.
Key Points
- Jefferies reiterated its buy rating for Liftoff Mobile, Inc. (LFTO) with a price target of $34 as of June 29, 2026.
- Jefferies's $34 price target implies 41.55% upside from Liftoff Mobile, Inc.'s ($LFTO) current $24.02 share price.
- Shares of LFTO traded at $25.47 on Wednesday, with a market cap of approximately $4.07 billion and a forward P/E ratio of 17.31.
- Insider buying activity was noted from General Atlantic, with over 1.3 million shares purchased at $23 each on June 5, 2026.
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Jefferies reiterated its buy rating on Liftoff Mobile, Inc. (NasdaqGS: LFTO) on June 29, 2026, maintaining a price target of $34. This comes as shares of Liftoff Mobile traded at $25.47 on Wednesday.
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Liftoff Mobile, Inc. Stock Up 27.0%
Shares of Liftoff Mobile, Inc. traded near $25.47 on Wednesday. The company has a market capitalization of approximately $4.07 billion. It currently holds a forward P/E ratio of 17.31, indicating investor expectations of future earnings growth. The stock's 52-week range has been between $23.08 and $30.10, with a 50-day moving average of $26.03 and a 200-day moving average also at $26.03. Liftoff Mobile's current ratio stands at 1.174, and its quick ratio is 1.106.
$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, showing a revenue growth of 37.1%. The company's earnings per share (EPS) were $0.13, and it maintained a net margin of 3.01%. Investors can expect the next earnings report on a future date yet to be announced.
Insider Buying and Selling at Liftoff Mobile, Inc.
Recent insider activity at Liftoff Mobile includes significant purchases by General Atlantic. On June 5, 2026, General Atlantic (LFT), L.P., and General Atlantic Genpar, L.P., each bought 1,304,347 shares at an average price of $23 per share. These purchases were not part of a pre-planned 10b5-1 trading plan.
Analysts Set New Price Targets
On June 29, 2026, several firms initiated coverage on Liftoff Mobile with various ratings and price targets. Morgan Stanley started with a hold rating and a $30 target. UBS initiated with a buy rating and a $38 target, while Jefferies, RBC Capital, Raymond James, Cantor Fitzgerald, and Deutsche Bank all set buy ratings with targets ranging from $32 to $37. Barclays also set a buy rating with a $34 target. The consensus among analysts is a buy, with a mean target price of $35.2.
About Liftoff Mobile, Inc.
Liftoff Mobile, Inc. is a company based in Redwood City, California, specializing in mobile advertising, monetization, and performance marketing solutions. It offers a platform called Cortex, which leverages neural network technology to optimize ad campaigns and enhance return on investment. Liftoff also provides products such as DSP for predictive user acquisition and SSP for ad monetization through an extensive ad auction supply network. Founded in 2011, the company is led by CEO Jeremy N. Bondy and employs 652 people.
Bottom Line
Jefferies' reiterated buy rating on Liftoff Mobile underscores the firm's positive outlook on the company's prospects. Liftoff's recent insider buying activity and a variety of new analyst ratings reflect ongoing interest in the company's growth trajectory. As always, it's important to remember that analyst ratings are just one piece of the puzzle, and investors should consider multiple factors when evaluating a stock.
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