0056 GMT - Life360's untapped earnings potential and strong unit economics make the tracking-app developer one of Morgan Stanley analysts' key picks among emerging Australia-listed stocks. They point out that a majority of Life360 users pay nothing, giving the company plenty of opportunity to further monetize its growing range of services. The MS analysts tell clients in a note that Life360's fast user growth is driven largely by word of mouth, which implies low acquisition costs and fast payback. Revenues and growth were resilient even through the Covid-19 pandemic, they add. MS lifts its target price on its Sydney-listed shares 20% to A$40.00 and stays overweight on the stock, which is up 1.1% at A$32.42. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 18, 2025 20:56 ET (00:56 GMT)
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