Family tracking company Life360 was hammered 45% during the big growth/tech washout, and depending on where you draw the line, 360 could have found itself on the wrong side of the Goldman Sachs Group Inc. pairs basket, discussed on Tuesday, as an unprofitable tech stock. Life360 achieved profitability in the fourth quarter of 2024, reporting a net income of $US8.5 million, but for the full fiscal year 2024, Life360 reported a net loss of $US4.56 million. Assuming investors regain confidence in the growth end of the market, we can see at least 20-30% upside for 360 – yesterday’s +5.4% advance was a step in the right direction.
- We like 360, which enjoyed over 66 million monthly active users (MAU) globally, up by +20% from the previous year, with monetisation to follow.
MM is bullish 360 ~$20
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