1 Wall Street Analyst Thinks Lyft Is Going to $24. Is It a Buy? [Yahoo! Finance]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: Yahoo! Finance
Not surprisingly, Wall Street took notice of another round of solid numbers from Lyft, and one of the stock's top bulls lifted its price target on Lyft to $24, implying 39% upside in the ride-hailing stock. RBC sees Lyft going to $24 Analyst Brad Erickson maintained an outperform rating on the stock and lifted his price target by $1 to $24, approving of the company's latest report, and believed Lyft's guidance to be conservative, implying the company should be able to beat its forecast. Erickson also noted the health of the overall ridesharing industry is improving, factoring in Uber 's latest report as both companies have backed away from price competition in the form of driver and rider incentives in order to turn profitable. Is Lyft a buy? After a disastrous first few years as a public company that included wide losses and the impact of the pandemic, Lyft stock is looking surprisingly attractive. Revenue in the first quarter jumped 28%. The company is now solidly free
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- 5/7/24 - Beat
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- 5/9/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 5/3/24 - Form 4
- LYFT's page on the SEC website