Liftoff Mobile (NASDAQ:LFTO) Upgraded by Wells Fargo & Company to “Strong-Buy” Rating

Wells Fargo & Company upgraded shares of Liftoff Mobile (NASDAQ:LFTOFree Report) to a strong-buy rating in a report released on Monday,Zacks.com reports.

Several other research firms also recently weighed in on LFTO. Wall Street Zen raised Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Liftoff Mobile in a research report on Monday. They issued a “buy” rating and a $37.00 price target for the company. UBS Group initiated coverage on shares of Liftoff Mobile in a research note on Monday. They set a “buy” rating and a $38.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $34.00 price objective on the stock. Finally, BTIG Research began coverage on shares of Liftoff Mobile in a research note on Monday. They issued a “buy” rating and a $35.00 target price on the stock. Four analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $35.17.

Check Out Our Latest Stock Analysis on Liftoff Mobile

Liftoff Mobile Price Performance

Shares of LFTO stock opened at $25.47 on Monday. Liftoff Mobile has a 1 year low of $23.08 and a 1 year high of $30.10.

Insider Buying and Selling at Liftoff Mobile

In related news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was purchased at an average price of $23.00 per share, with a total value of $29,999,981.00. Following the completion of the purchase, the director owned 25,315,646 shares of the company’s stock, valued at approximately $582,259,858. The trade was a 5.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Further Reading

Analyst Recommendations for Liftoff Mobile (NASDAQ:LFTO)

Receive News & Ratings for Liftoff Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liftoff Mobile and related companies with MarketBeat.com's FREE daily email newsletter.