Liftoff Mobile (NASDAQ:LFTO – Get Free Report) was upgraded by analysts at Barclays to a “strong-buy” rating in a report released on Monday,Zacks.com reports.
LFTO has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Liftoff Mobile to a “hold” rating in a research report on Saturday, June 6th. Royal Bank Of Canada assumed coverage on Liftoff Mobile in a research report on Monday. They set an “outperform” rating and a $35.00 price target on the stock. Wells Fargo & Company started coverage on Liftoff Mobile in a research note on Monday. They set an “overweight” rating and a $32.00 price objective on the stock. Cantor Fitzgerald began coverage on Liftoff Mobile in a research report on Monday. They set an “overweight” rating and a $33.00 target price for the company. Finally, Morgan Stanley assumed coverage on Liftoff Mobile in a research report on Monday. They issued an “equal weight” rating and a $30.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Liftoff Mobile presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.17.
Get Our Latest Stock Analysis on Liftoff Mobile
Liftoff Mobile Stock Down 5.7%
Insider Buying and Selling
In related news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of Liftoff Mobile stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $23.00 per share, for a total transaction of $29,999,981.00. Following the purchase, the director owned 25,315,646 shares in the company, valued at approximately $582,259,858. This trade represents a 5.43% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
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