DA Davidson raised the firm's price target on Life360 to $42 from $40 and keeps a Neutral rating on the shares. The firm is adjusting its model with updated analysis of monthly active users, MAUs, tracking multiple Google Trends search terms as a proxy for user growth, the analyst tells investors in a research note. MAUs appear to be tracking about 0.3% below consensus, though the firm notes its has seen improvements over the course of the quarter driven by improved rankings and the launch of new international marketing campaigns, the firm added.
