ASX tech share Life360 Inc (ASX: 360) rose to a new all-time high of $23.75 on Friday.
Life360 shares have since pulled back slightly to $23.67, up 3.91% for the day.
There is no official news from Life360 today. However, the share price record comes amid a very strong day for ASX technology stocks.
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ASX tech shares roar as sector leads market on Friday
ASX tech shares are leading the 11 market sectors today.
The S&P/ASX 200 Information Technology Index (ASX: XIJ) is currently up 1.97%.
The benchmark S&P/ASX 200 Index (ASX: XJO) is up 1.01%.
ASX tech shares are following the lead of the Nasdaq Composite Index (NASDAQ: .IXIC) today.
The NASDAQ rose 1.51% overnight. This followed a massive 2.93% rally in the previous session after Republican Donald Trump won the US Presidential election.
It's likely that Trump's trade and tax promises have boosted US stock prices this week.
Trump wants to cut the US corporate tax rate from 21% to 15%. He also wants to introduce 10% to 20% tariffs on all imports and 60% tariffs on Chinese imports.
What's the latest with Life360 shares?
Life360 is dual-listed on the NASDAQ and the ASX.
According to a note published on nabTrade today, broker UBS has raised its 12-month price target on the NASDAQ stock from $35 to $50.
Life360 shares on the NASDAQ closed at US$47.04 overnight. During the session, they reached a new all-time record of $48.74 apiece.
Life360 is the location technology company behind the popular Life360 app, which allows families to track each member's location and movements on the mapping platform.
The app has approximately 70 million active users per month and is rapidly growing its customer base.
Another broker, Bell Potter, is also bullish on Life360 shares.
In relation to the company's ASX listing, Bell Potter has a price target of $22.50 on the tech share.
The broker recently commented that Life360 "has significant growth potential as it continues to rapidly monetise its customer base".
The ASX tech share zoomed past this target price during the week.
In the year to date, Life360 shares have skyrocketed 216.5%.
What's happening with other ASX tech shares on Friday?
Other ASX tech shares have also reached new price milestones today.
Xero Ltd (ASX: XRO) shares hit a new record of $158.69 on Friday, up 2.26%.
Nuix Limited (ASX: NXL) reached a new 52-week high of $7.80, up 1.56%.
TechnologyOne Ltd (ASX: TNE) shares shot to a new record price of $26.23, up 2.22%.
Objective Corporation Ltd (ASX: OCL) shares hit a new 52-week high of $16.79, up 2.69%.
