BUZZ-ASX shares of Life360 set for best year ever

Reuters
2024-12-31
BUZZ-ASX shares of Life360 set for best year ever

** ASX-listed shares of Life360 360.AX LIF.O currently set to end the year close to 200% higher

** The dual-listed firm, which is a developer of family social networking apps, is set for its strongest year ever

** The stock has rallied over the year, reflecting rising demand for its offerings; Life 360 emerged as one of the most downloaded platforms across the U.S.

** Life360 ended as the top gainer on the Australia's benchmark index in August after upgrading its earnings estimates

** Morgan Stanley, in May, lifted its PT by 6% to A$17.50

** Another brokerage, Bell Potter, raised its PT to A$19 from A$17.75 in July

** Life360 is down 2.3% on Tuesday

360 https://tmsnrt.rs/3PibnlT

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))

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