Liftoff Mobile (NASDAQ:LFTO) Stock Rating Upgraded by The Goldman Sachs Group

Liftoff Mobile (NASDAQ:LFTO) was upgraded by research analysts at The Goldman Sachs Group to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also recently issued reports on LFTO. Barclays began coverage on shares of Liftoff Mobile in a report on Monday. They issued an “overweight” rating and a $34.00 price objective for the company. Wolfe Research began coverage on Liftoff Mobile in a research report on Monday. They issued a “peer perform” rating for the company. Morgan Stanley began coverage on Liftoff Mobile in a research note on Monday. They set an “equal weight” rating and a $30.00 price target for the company. Needham & Company LLC initiated coverage on Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $42.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $37.00 price objective on the stock. Four analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Liftoff Mobile has a consensus rating of “Buy” and an average target price of $35.17.

Liftoff Mobile Stock Performance

Shares of NASDAQ:LFTO opened at $25.47 on Monday. Liftoff Mobile has a 52 week low of $23.08 and a 52 week high of $30.10.

Insider Buying and Selling at Liftoff Mobile

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General acquired 1,304,347 shares of Liftoff Mobile stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $23.00 per share, with a total value of $29,999,981.00. Following the purchase, the director owned 25,315,646 shares in the company, valued at approximately $582,259,858. The trade was a 5.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.