Life360 edges higher after positive analyst comments

The news: Shares in social networking app Life360 edged higher in morning trade, rebounding from a slump on Tuesday after the company reported positive full-year earnings.

Shares rose 1.42% to $20.65 and it was among the top performing stocks across ASX 200 amid a broader market sell-off.

The context: Bell Potter analyst Chris Savage holds a buy view on the company, with a target price of $20.36, saying the company has a strong track record of meeting or exceeding earnings guidance and is expected to return to solid growth in the second-half of 2026.

Meanwhile, Morningstar maintained a fair value estimate of $25, citing optimism that Life360 can improve paid-user acquisition and retention through bundled offerings. The research firm expects the company to triple its advertising revenue by 2035.