2317 GMT - Life360's bulls at Goldman Sachs think that its long-term earnings growth prospects look even stronger following court-mandated changes to Apple's in-app payment requirements. Analysts Elijah Mayr and Elise Bailey tell clients in a note that Apple's move to allow links to external and alternative payment methods represents a structural opportunity for the location-app developer. They point out that in-app payment fees accounted for about 21% of Life360's fiscal 2024 subscription revenue. They reckon that Life360 could save about US$6 million annually if 30% of new subscribers sign-up via its website. GS raises its target price 15% to A$31.00 and keeps a "buy" rating on the stock, which is at A$27.18 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 19:17 ET (23:17 GMT)
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