0042 GMT - The key short-term focus for those watching Life360's Australia-listed stock is whether it secures entry into the country's S&P/ASX 100 stock index, according to the tracking-app provider's bull at Bell Potter. ASX 100 stocks are the largest by market capitalization, and the most liquid. Inclusion in the index increases a company's exposure to fund managers and other investors. Analyst Chris Savage tells clients in a note that he sees a lot to like in the company's 2024 result, while subscription revenue seems set to rise by more than 25% again in 2025. Bell Potter raises its target price by 0.9% to A$28.00 and keeps a buy rating on the stock. Shares are down 1.0% at A$23.07. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 02, 2025 19:42 ET (00:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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