8 Best Australian Stocks to Buy in 2026

7. Life360, Inc. (NASDAQ:LIF)

Stock Upside Potential: 47.12%

Number of Hedge Fund Holders: 20

Life360 Inc (NASDAQ:LIF) is among the best Australian stocks to buy in 2026. On April 22, BofA Securities initiated coverage of Life360 Inc (NASDAQ:LIF) stock with a Buy rating and a price target of $60. The firm sees continued growth and profitability improvement at Life360.

BofA Securities expects Life360 to continue adding more users to its family safety app. It estimates that the company’s users will increase at a compound annual growth rate of 18% in the 2025 – 2027 period. The firm sees Life360’s user-base expansion benefiting from the company’s strong position in the family safety app category and a large global opportunity.

On the financial side, BofA Securities expects Life360’s revenue to grow at a compound annual rate of 31% over the 2025-2027 period. It expects EBITDA growth of 47% over the same timeframe. Moreover, the firm expects Life360’s financials to exceed consensus estimates by 2% to 5%.

BofA Securities highlighted a number of growth tailwinds for Life360. Expanding product portfolio is one of them, with the firm citing the company’s elderly tracker and pet tracker products.

The firm also mentioned the planned Uber integration as a catalyst. In an expansion of their existing partnership, Life360 and Uber announced on February 17 a deeper integration of their services. They said this would allow families to coordinate transportation and tracking more easily.

In 2025, Life360’s monthly active users increased 20% YoY to 95.8 million, and revenue rose 32% YoY to $489.5 million.

Life360 Inc (NASDAQ:LIF) provides a family safety mobile app used by millions around the world. The app helps with functions like real-time tracking and location history. It also offers safety features like SOS alerts and crash detection. Families use it to stay connected and ensure their safety.