0138 GMT - Life360's bull at Macquarie thinks there is a good chance that the tracking-app developer is being conservative with its annual guidance. Life360 disappointed investors by opting not to upgrade its earnings guidance at its second-quarter result announcement. However, an analyst at the Australian investment bank writes in a note that accelerating growth and potential operating leverage suggest that upside remains. The analyst points to Life360's new Apple Watch app, hardware partnerships and the relaunch of its pet tracker as reasons to be optimistic about user growth through the remainder of 2026. Macquarie keeps an outperform rating on Life360's Australia-listed stock and trims its target price by 3.1% to 30.10 Australian dollars. Shares are down 2.4% at A$23.18.
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