0023 GMT - Life360's bulls at Morgan Stanley see an easy way for the tracking-app developer to keep investors' earnings expectations in check. Citing the company's expansion into pet tracking, MS analysts tell clients in a note that they would like to see Life360 flag proactive reinvestment in accelerating its stated goals. They currently reckon that a US$8.0 million reinvestment into the pet launch late in 2025 will limit operating leverage. Still, they keep an overweight rating on the stock, saying that strong advertising revenue seen late in 2024 should annualize and grow through 2025. MS lifts its target price on Life360's Australia-listed stock by 14% to A$28.60. Shares are up 0.6% at A$23.43. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 02, 2025 19:23 ET (00:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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