2230 GMT - Life360's track record suggests the tracking-app developer's 2025 outlook is likely to prove conservative, Goldman Sachs analysts reckon. They point out Life360 is typically conservative when setting initial guidance, which suggests upside to the company's current expectation of US$450 million-US$480 million in annual revenue and US$65 million-US$75 million in adjusted Ebitda. They like Life360's ability to lift active users in the December quarter, a period that is typically softer due to seasonal factors. GS lifts its target price 8% to A$27.00 and keeps a buy rating on the company's Australia-listed stock, which is at A$23.30 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 02, 2025 17:30 ET (22:30 GMT)
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