Life360 Bull Sees Any Improvements Driving a Re-Rate -- Market Talk

Dow Jones08:34

0034 GMT - Life360's bull at Morgan Stanley stays overweight on the location-app developer despite slashing valuation multiples on the broader de-rating seen among global software stocks. Analyst James Bales now values the stock at 5.5 times sales, down from 13.5 times sales previously. Another factor for Bales is concern over Life360's near-term margin trajectory. However, he stresses that dual-listed Life360 is building for the long term and points out that the company has made significant improvements in scale, value proposition and pricing power. "Any further improvement would be a catalyst for a potentially significant re-rating," he adds. MS cuts its target price 37% to A$30.00. Life360's Australia-listed shares are down 3.4% at A$18.73. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 16, 2026 20:34 ET (00:34 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment