0217 GMT - Apple's focus on privacy and the lack of any obvious push to expand its devices' location-tracking capabilities help keep UBS analysts bullish on Life360. They lower the discount they place on the tracking-app developer relative to its peers after seeing no evidence at Apple's Worldwide Developers Conference of an aggressive push into its devices' Find My service. Any move to expand or monetize location data could undermine the appeal of Life360's apps. The UBS analysts tell clients in a note that Life360's new advertising products should resonate with retailers and restaurants. They maintain a buy rating and lift their target price on Life360's U.S. stock by 25% to US$71.00. Shares closed at US$62.73. Life360's Australia-listed stock is up 0.85% at A$31.85. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 16, 2025 22:17 ET (02:17 GMT)
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