Stock Track | Life360 Plummets 9.23% Intraday as Q1 Profit Declines and Analysts Cut Price Targets

Stock Track05-13

Life360 Inc's stock plummeted 9.23% during intraday trading on Tuesday, extending losses after the company reported its first-quarter 2026 financial results.

The family safety platform developer posted a 37% decline in net income to $2.78 million, with earnings per share dropping to $0.03 from $0.05 a year earlier. While revenue surged 38% to $143.1 million, investors focused on the profitability contraction and a 49% plunge in hardware revenue due to lower unit shipments and an exit from brick-and-mortar retail. Additionally, monthly active user growth softened due to a technical issue with the Google Play Store.

The disappointing earnings prompted multiple analysts to cut their price targets on the stock. UBS lowered its target to $64 from $75, Canaccord reduced its target to $72 from $94, and Evercore ISI cut its target to $68 from $76, though all maintained positive ratings on the shares. The market reaction highlights investor unease with the balance between top-line growth and bottom-line performance despite the company raising its full-year 2026 revenue and adjusted EBITDA guidance.

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