2309 GMT - Life360's bull at Bell Potter is "at a loss" to explain the negative market reaction to the tracking-app provider's annual result. The only reason that analyst Chris Savage can conjure is the dual-listed company's guidance for 2026 earnings to be skewed toward the second half. Even so, Savage tells clients in a note that Life360 has a strong track record of meeting or exceeding its guidance. Accordingly, he forecasts very strong earnings growth in the December half. Savage raises his 2026 and 2027 revenue forecasts by about 1%, but lowers his valuation multiples to reflect broader weakness in tech stocks. Bell Potter trims its target price on Life360's Australia-listed stock by 3.6% to A$40.00 and maintains a buy rating. Shares are up 3.1% at A$20.99. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 03, 2026 18:09 ET (23:09 GMT)
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