Liftoff Mobile (NASDAQ:LFTO) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Liftoff Mobile (NASDAQ:LFTO) from a hold rating to a buy rating in a report issued on Saturday morning.

Several other research firms have also weighed in on LFTO. BTIG Research reaffirmed a “buy” rating and set a $35.00 price target on shares of Liftoff Mobile in a research report on Thursday. Royal Bank Of Canada initiated coverage on Liftoff Mobile in a report on Monday, June 29th. They issued an “outperform” rating and a $35.00 price objective for the company. Needham & Company LLC began coverage on Liftoff Mobile in a report on Monday, June 29th. They issued a “buy” rating and a $42.00 price objective for the company. Zacks Research raised shares of Liftoff Mobile to a “hold” rating in a research note on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Liftoff Mobile in a report on Monday, June 29th. They set a “buy” rating and a $37.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Liftoff Mobile has a consensus rating of “Moderate Buy” and a consensus target price of $35.69.

Liftoff Mobile Price Performance

Shares of NASDAQ LFTO opened at $21.61 on Friday. The firm has a 50-day moving average of $24.21. Liftoff Mobile has a fifty-two week low of $19.81 and a fifty-two week high of $30.10.

Liftoff Mobile (NASDAQ:LFTO) last released its earnings results on Wednesday, August 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.49. The company had revenue of $219.51 million during the quarter. As a group, sell-side analysts forecast that Liftoff Mobile will post 0.7 EPS for the current fiscal year.

Insider Activity

In other Liftoff Mobile news, Director Atlantic Genpar L.P. General purchased 1,304,347 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $23.00 per share, for a total transaction 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Liftoff Mobile

An institutional investor recently bought a new stake in Liftoff Mobile stock. Legal & General Group Plc bought a new position in shares of Liftoff Mobile, Inc. (NASDAQ:LFTO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $486,000.

Key Stories Impacting Liftoff Mobile

Here are the key news stories impacting Liftoff Mobile this week:

• Positive Sentiment: Significant earnings beat: Liftoff reported a second-quarter loss of $0.03 per share, substantially better than the $0.52-per-share loss analysts expected. Revenue totaled $219.51 million, providing evidence of improving operating performance. Liftoff Q2 Earnings Snapshot
• Positive Sentiment: Analysts remain bullish: BTIG Research reaffirmed its “buy” rating and assigned a $35 price target. Cantor Fitzgerald maintained an “overweight” rating, despite trimming its target from $33 to $32. Both targets imply substantial upside from recent trading levels. Analyst rating reports
• Positive Sentiment: Growth strategy viewed favorably: RBC highlighted Liftoff’s Cortex Engine and expansion across vertical markets as potential drivers of durable growth, strengthening the investment case for the mobile advertising technology company. RBC commentary on Liftoff’s Cortex Engine
• Neutral Sentiment: Management commentary is in focus: The Q2 earnings call transcripts provide additional discussion of results, business trends, and forward expectations that investors will use to evaluate whether the earnings improvement can continue. Liftoff Mobile Q2 FY2026 earnings call transcript
• Negative Sentiment: Target reduction and technical caution: Cantor’s lower price target signals some moderation in expectations, while LFTO’s position below its 50-day moving average and its recent decline from the 12-month high may limit enthusiasm despite the earnings beat.

About Liftoff Mobile

Liftoff Mobile Inc provides marketing and monetization solutions for the mobile app economy. Liftoff Mobile Inc is based in REDWOOD CITY, Calif.