2344 GMT - Morgan Stanley analysts see their suggestion that Life360's new pet tracker could attract an additional one million subscribers as increasingly realistic. The MS analysts, who floated the scenario last year, observe that users have already registered five million pets with the location-app provider. With the company prepared and able to subsidize tracking devices, the MS analysts write in a note that their scenario is now "very realistic". They caution that Life360 is optimizing its model and expansion over a long time horizon but see a willingness to push for dominance that helps support a continued overweight rating. MS has a A$50.00 target price on Life360's Australia-listed stock, which is up 0.4% at A$21.62. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 05, 2026 18:44 ET (23:44 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.