0550 GMT - Life360's bulls at Morgan Stanley will be paying close attention to the tracking app developer's active user numbers when it announces its 1Q results. They remind clients in a note that the final three months of 2024 showed the lowest number of new monthly active users in almost two years, with international markets especially soft. They say that user growth, engagement and retention are key to monetization, and are looking for 4.1 million net new users in the March quarter. MS has an overweight recommendation and a A$28.60 target price on the stock, which is up 0.6% at A$23.38. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 01:50 ET (05:50 GMT)
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