11 Best Software Application Stocks to Buy Now

7. Life360 Inc. (NASDAQ:LIF)

Life360 Inc. (NASDAQ:LIF) is one of the 11 best software application stocks to buy now.

On March 3, Citi analyst Siraj Ahmed reduced the firm’s price target on Life360 Inc. (NASDAQ:LIF) from $82.25 to $68.75. The analyst maintained his Buy rating on the shares, which still offer more than 65% upside at the current level.

Ahmed noted that the first-quarter guidance pointed to monthly active user growth below 20%, raising concerns about slowing user growth, though it views this metric as more controllable than the market expects. He still forecasts around 20% year-over-year MAU growth but said the target cut reflects lower peer multiples, increased competition, and a more cautious medium-term growth outlook.

On March 3, UBS also reduced the firm’s price target on Life360 Inc. (NASDAQ:LIF) from $110 to $75. The firm maintained its Buy rating on the stock, which currently yields more than 80% upside potential.

According to the firm, Life360 has released FY26 guidance that slightly beats street estimates on revenue and adjusted EBITDA. This was essentially driven by better-than-expected growth in ad revenue since the acquisition of Nativo.

The company expects the first half of 2026 to be investment and integration-heavy, with revenue acceleration and margin expansion anticipated during the second half. Execution on ad monetization, international MAU growth, and second-half operating leverage are critical to achieving the company’s long-term framework of scaling high-margin recurring revenue.

Life360 Inc. (NASDAQ:LIF) offers a technology platform that facilitates communication, digital security, location sharing, and emergency assistance. The company provides a mobile-first technology platform that emphasizes security and data protection for members. Some of the features include real-time coordination, smart notifications, and driving alerts.