Life360: Still Growing Fast, With More Opportunities Ahead

Life360 maintains strong 39.9% YoY revenue growth, driven by subscriptions and surging advertising revenue, supporting my Buy rating. LIF's management reaffirmed full-year guidance, with subscription revenue guidance raised and hardware revenue trimmed, favoring higher-margin software. My valuation model implies 45-50% upside to a $60 2028 price target, with risks centered on advertising margin execution and premium valuation.