Liftoff Mobile (NASDAQ:LFTO) Given New $24.00 Price Target at Piper Sandler

Liftoff Mobile (NASDAQ:LFTO) had its price target hoisted by Piper Sandler from $19.00 to $24.00 in a research note issued to investors on Friday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

LFTO has been the subject of a number of other research reports. Freedom Capital raised Liftoff Mobile from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Friday. Weiss Ratings lowered Liftoff Mobile from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, October 13th. Cantor Fitzgerald reduced their price target on Liftoff Mobile from $32.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. BTIG Research lifted their price target on Liftoff Mobile from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Loop Capital set a $27.00 price target on Liftoff Mobile in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Liftoff Mobile currently has an average rating of “Moderate Buy” and a consensus target price of $29.78.

Liftoff Mobile Price Performance

NASDAQ:LFTO traded up $5.73 during trading hours on Friday, reaching $24.44. The company’s stock had a trading volume of 9,559,517 shares, compared to its average volume of 739,685. The company has a market capitalization of $4.14 billion and a price-to-earnings ratio of -814.67. The firm’s 50-day moving average price is $16.83. Liftoff Mobile has a 1 year low of $13.95 and a 1 year high of $30.10.

Liftoff Mobile (NASDAQ:LFTO) last posted its quarterly earnings results on Thursday, November 12th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.30. The business had revenue of $237.52 million for the quarter. Research analysts expect that Liftoff Mobile will post 0.78 EPS for the current year.

Hedge Funds Weigh In On Liftoff Mobile

A number of hedge funds have recently modified their holdings of LFTO. Parkside Financial Bank & Trust bought a new stake in shares of Liftoff Mobile in the second quarter worth about $30,000. Russell Investments Group Ltd. purchased a new position in Liftoff Mobile during the 3rd quarter valued at about $27,000. WT Asset Management Ltd bought a new position in Liftoff Mobile during the 2nd quarter valued at approximately $480,000. Legal & General Group Plc bought a new position in Liftoff Mobile during the 2nd quarter valued at approximately $486,000. Finally, Bank of America Corp DE bought a new position in Liftoff Mobile during the 2nd quarter valued at approximately $1,282,000.

More Liftoff Mobile News

Investors following LFTO have been watching these news items:

• Positive Sentiment: Q3 results topped estimates: Liftoff reported adjusted earnings of $0.47 per share, versus the $0.17 consensus, on revenue of $237.52 million. Coverage also pointed to AI-driven advertising growth and margin expansion as important drivers. Article: Why Is Liftoff Mobile Stock Skyrocketing Friday?
• Positive Sentiment: 2026 guidance exceeded expectations: The company forecast full-year revenue of $907 million–$912 million, above analysts’ $879 million estimate, and Q4 revenue of $244 million–$249 million, above the $232.3 million consensus. Article: Liftoff Mobile Q4 revenue outlook
• Neutral Sentiment: Analyst views remain mixed: Piper Sandler raised its target to $24 but kept a Neutral rating, while Barclays cut its target to $30 but retained Overweight. Article: Liftoff Mobile fair value and analyst targets

About Liftoff Mobile

Liftoff Mobile provides marketing and monetization technology for mobile apps. Its platform helps app developers and publishers attract users, promote engagement and generate revenue through in-app advertising. The company’s services include user acquisition campaigns, advertising creative tools, audience targeting and optimization, and monetization solutions that connect app publishers with advertisers. Liftoff uses data and machine-learning technology to help clients manage and improve campaign performance across mobile platforms.