RBC Capital Reiterates Buy Rating on Liftoff Mobile
RBC Capital maintains its buy rating on Liftoff Mobile, setting a $35 price target, a 45.71% upside from the current price.
Key Points
- RBC Capital reiterated its buy rating for Liftoff Mobile, Inc. (LFTO) with a price target of $35 on June 29, 2026.
- RBC Capital's $35 price target implies 45.71% upside from Liftoff Mobile, Inc.'s ($LFTO) current $24.02 share price.
- Liftoff Mobile shares traded around $25.47 on Wednesday, with a market cap of $4.07 billion and a forward P/E of 17.3.
- Insiders General Atlantic (LFT), L.P. and General Atlantic GenPar, L.P. each bought 1,304,347 shares at $23 on June 5, 2026.
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RBC Capital has reiterated its buy rating for Liftoff Mobile, Inc. (NasdaqGS: LFTO), setting a price target of $35. This reaffirmation came on June 29, 2026, as Liftoff Mobile shares traded near $25.47 on Wednesday.
RBC Capital vs. the S&P 500
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Liftoff Mobile, Inc. Stock Up 27.0%
Shares of Liftoff Mobile, Inc. traded at approximately $25.47 on Wednesday. The company boasts a market capitalization of about $4.07 billion. Its forward P/E ratio stands at 17.3, indicating expectations of future earnings growth. The stock has experienced a 52-week range between $23.08 and $30.10, with both the 50-day and 200-day moving averages at $26.03. Liftoff Mobile maintains a current ratio of 1.17 and a quick ratio of 1.11, reflecting its short-term financial health.
$LFTO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Liftoff Mobile reported revenue of $741.42 million, showing a growth rate of 37.1%. Despite a relatively high P/E ratio of 184.8, the company's net margin is 3.01%, and it achieved an EPS of $0.13. Investors are keeping an eye on these figures as they assess the company's financial performance.
Insider Buying and Selling at Liftoff Mobile, Inc.
On June 5, 2026, insiders including General Atlantic (LFT), L.P. and General Atlantic GenPar, L.P. purchased 1,304,347 shares each at an average price of $23. These transactions were not part of a planned sale, indicating potential confidence in the company's future prospects.
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 and Jefferies issued buy ratings with targets of $38 and $34, respectively. RBC Capital also reiterated a buy rating with a $35 target. The consensus among analysts is a strong buy, with a mean target price of $35.2 based on ten analyst opinions.
About Liftoff Mobile
Liftoff Mobile, Inc. is a company operating in the advertising agencies sector, under the communication services umbrella. Headquartered in Redwood City, California, the company provides mobile advertising, monetization, and performance marketing solutions. Their platform, Cortex, leverages neural network technology to optimize ad campaigns and improve ROI. Led by CEO Jeremy N. Bondy, Liftoff Mobile employs 652 people and was founded in 2011.
Bottom Line
RBC Capital's reaffirmation of its buy rating for Liftoff Mobile underscores investor interest in the company's growth potential. With a robust analyst consensus and recent insider buying, Liftoff Mobile remains a stock to watch. As always, remember that analyst ratings reflect past performance and expectations, not necessarily future outcomes.
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