Wedbush sets $25 price target for Liftoff Mobile with 'outperform' rating
LFTO Liftoff Mobile Inc
$24.44 +30.63%
View chart & analysis → - 1Wedbush analyzed that Liftoff Mobile's stock price has fallen too much relative to its growth outlook and industry competitors.
- 2The firm initiated its rating by noting that Liftoff Mobile's stock price has fallen approximately 40% since late June.
- 3Liftoff Mobile is scheduled to announce its third-quarter results on November 12.
So what's the key point?
Wedbush analyzed that Liftoff Mobile's stock price has fallen too much compared to its future growth potential. Because the company's stock price has dropped by 40%, they expect the stock to rise further.
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