Liftoff Mobile (NASDAQ:LFTO) Upgraded at The Goldman Sachs Group

Liftoff Mobile (NASDAQ:LFTO) was upgraded by analysts at The Goldman Sachs Group to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Cantor Fitzgerald started coverage on shares of Liftoff Mobile in a research report on Monday. They set an “overweight” rating and a $33.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Liftoff Mobile in a research report on Monday. They issued a “buy” rating and a $37.00 price objective for the company. Barclays initiated coverage on shares of Liftoff Mobile in a report on Monday. They set an “overweight” rating and a $34.00 target price on the stock. Needham & Company LLC assumed coverage on shares of Liftoff Mobile in a research report on Monday. They set a “buy” rating and a $42.00 price target for the company. Finally, Royal Bank Of Canada initiated coverage on Liftoff Mobile in a report on Monday. They issued an “outperform” rating and a $35.00 price target for the company. Four analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $35.17.

Liftoff Mobile Stock Performance

Shares of LFTO stock opened at $25.47 on Monday. Liftoff Mobile has a one year low of $23.08 and a one year high of $30.10.

Insider Activity at Liftoff Mobile

In other news, Director Atlantic Genpar L.P. General bought 1,304,347 shares of Liftoff Mobile stock in a transaction on Friday, June 5th. The shares were bought at an average price of $23.00 per share, with a total value of $29,999,981.00. Following the acquisition, the director directly owned 25,315,646 shares in the company, valued at approximately $582,259,858. This represents a 5.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.