$10,000 invested in Life360 shares at the start of March is now worth…

The ASX tech stock has had a rocky start to the month.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Life360 Inc (ASX: 360) shares closed 4.84% lower on Wednesday afternoon, wiping out half the gains made the day before.

The US-based software development company's shares are now 61.36% below an all-time high of $55.87 recorded in October last year. The stock has crashed 34.01% year to date but is 0.19% above its value 12 months ago.

A worried woman looks at her phone and laptop, seeking ways to tighten her belt against inflation.

Image source: Getty Images

So, if I bought $10,000 worth of Life360 shares at the beginning of March, what are they worth now?

It's been a turbulent start to the month for Life360 shares.

The stock crashed 18% on Tuesday last week after it posted its FY25 financial results. 

The company delivered record growth in both its subscription and international segments, by 33% and 26% year-on-year, respectively. Life360 also said that it expects strong growth to continue in FY26. 

The news sent investors flocking to the stock, with the share price spiking 15% in early-morning trade shortly after the announcement. But then the share price took a significant U-turn, ending the day down 18%.

This week, the share price took another turnjumping over 10% on Tuesday. 

There has been no price-sensitive news out of the company following its results announcement, so the zig-zagging share price is likely due to investors taking their gains off the table and then buying back into the stock after the dust had settled.

It has been difficult to keep track of Life360 shares over the past couple of weeks. But yesterday's 4.84% drop means the stock is now 12.82% lower than at the beginning of March.

That means that $10,000 invested in Life360 shares at the start of March has already lost value, now worth just $8,718.

Meanwhile, $10,000 invested in Life360 shares this time last year would now be worth $10,019.

Should investors sell up before losses worsen? 

Analysts don't think so. In fact, it looks like the current share price could be a once-in-a-lifetime opportunity to buy into Life360 shares cheaply. Because if analyst predictions are correct, the tech stock could soar higher this year.

TradingView data shows that most analysts are extremely bullish on Life360's shares over the next 12 months. 

Out of 15 analysts, 12 have a buy or strong buy rating, and three have a hold rating on the stock. 

The average target price for Life360 shares is $39.82, implying a huge potential 85.9% upside at the time of writing. But some are even more bullish, expecting the stock to rocket 137.81% to $50.94 apiece over the next 12 months.

With these types of returns, $10,000 invested at the start of March could be worth up to $23,781 by this time next year.

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Life360. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Technology Shares

Happy woman working on a laptop.
Technology Shares

2 ASX 200 shares down 30%+ that I'd buy with $4,000

Big share price declines can create opportunities, but only if the underlying business is still moving forward.

Read more »

Man with a hand on his head looks at a red stock market chart showing a falling share price.
Technology Shares

Have these top ASX shares been sold off too far?

AI uncertainty has shaken confidence in software stocks, but long-term fundamentals may still be intact.

Read more »

A young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
Technology Shares

This dirt cheap ASX 200 tech stock could rise 70%

Bell Potter is tipping this technology share to rise strongly from here.

Read more »

A man flying a drone using a remote controller
Technology Shares

Is now a good time to invest $5,000 into DroneShield shares?

A leadership change and recent pullback have shifted sentiment, but the long-term opportunity remains.

Read more »

Military engineer works on drone.
Technology Shares

Will EOS shares ever go back to $5?

Is the $5 level still in play for EOS shares?

Read more »

A smiling man leans out his car window, car keys in hand and looking happy.
Technology Shares

Here's why this $9 billion ASX tech share could be a buy right now

The tech company has a dominant position and a long growth runway.

Read more »

Ecstatic woman looking at her phone outside with her fist pumped.
Technology Shares

Why are Pro Medicus shares outperforming the market on Monday?

This tech stock is on the move on Monday after announcing another contract win.

Read more »

A woman wearing yellow smiles and drinks coffee while on laptop.
Technology Shares

The ASX 200 shares I think smart investors are buying after the tech selloff

The recent pullback has changed the conversation around several ASX 200 growth shares.

Read more »