Wells Fargo Reiterates Buy Rating for Liftoff Mobile, Inc.
Wells Fargo maintains its buy rating on Liftoff Mobile, Inc. with a $32 target, a 33.22% upside from the current price.
Key Points
- Wells Fargo reiterated its buy rating on Liftoff Mobile, Inc. (LFTO) with a price target of $32.
- Wells Fargo's $32 price target implies 33.22% upside from Liftoff Mobile, Inc.'s ($LFTO) current $24.02 share price.
- Shares of LFTO traded at $25.47 on Wednesday, with a market cap of approximately $4.07 billion.
- Insiders made significant purchases earlier this month, and analysts have set varied price targets for the stock.
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Wells Fargo reiterated its buy rating for Liftoff Mobile, Inc. (NasdaqGS: LFTO) on June 29, 2026. Analyst Alec Brondolo set a price target of $32 for the stock, which traded at $25.47 on Wednesday.
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Liftoff Mobile, Inc. Stock Up 27.0%
Shares of NasdaqGS:LFTO traded near $25.47 on Wednesday. Liftoff Mobile, Inc. has a market cap of about $4.07 billion and a P/E ratio of 184.8, with a forward P/E of 17.3. The company has a 52-week low of $23.08 and a high of $30.10, with both the 50-day and 200-day moving averages at $26.03. Liftoff Mobile's current ratio is 1.17, and its quick ratio is 1.11.
$LFTO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Liftoff Mobile, Inc.
On June 5, 2026, insiders at Liftoff Mobile made notable purchases. General Atlantic (LFT), L.P. and General Atlantic GenPar, L.P. each bought 1,304,347 shares at an average price of $23. These transactions were not executed under a Rule 10b5-1 plan.
Analysts Set New Price Targets
On June 29, 2026, multiple analysts initiated coverage on Liftoff Mobile. Morgan Stanley started with a hold rating and a $30 target. UBS and Jefferies both initiated buy ratings with targets of $38 and $34, respectively. RBC Capital and Raymond James also issued buy ratings, setting targets at $35 and $32. Cantor Fitzgerald, Deutsche Bank, and Barclays echoed the buy sentiment with targets of $33, $37, and $34, respectively. The consensus among 10 analysts suggests a mean target price of $35.20 for Liftoff Mobile.
About Liftoff Mobile, Inc.
Liftoff Mobile, Inc. is a company in the communication services sector, specializing in advertising agencies. Based in Redwood City, California, the company is led by CEO Mr. Jeremy N. Bondy and employs 652 people. Liftoff Mobile offers mobile advertising and performance marketing solutions through its platform, Cortex, which uses neural networks to optimize ad campaigns. The company also provides products like DSP for user acquisition and SSP for ad monetization.
Bottom Line
Wells Fargo's reaffirmation of its buy rating on Liftoff Mobile, Inc. reflects ongoing confidence in the company's market position. The stock is currently trading below its target, providing potential upside as indicated by the recent analyst targets. As always, it's important to remember that 13F filings and analyst ratings are backward-looking and may not represent the current state of investments.
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