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-0.000169257924897937 -0.000341970093161006 3.45424336525401E-06 0.0024214245990487 0.000348878579891391 0.0127841546948348 0.0171019589014123 0.0203834900984114
Stock impact report

Lyft Stock Initiated Buy at Argus With $39 Target [TheStreet.com]

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: TheStreet.com
Lyft(LYFTGet ReportAt last check Lyft shares were off 3% at $29.20. The $39 target indicates 34% potential upside in the shares.The stock has dropped 46% since Feb. 11 as the coronavirus pandemic has decimated demand for rides.The selloff "is overdone,” Kelleher wrote in a report. “The shares appear attractive at current levels.”He says the North American ride-sharing market is big enough to support Lyft, its bigger competitor UberUBERLyft being smaller than Uber won’t prevent the No. 2 company from thriving, Kelleher said.“Ridesharing is not a 'winner-take-all' industry,” he wrote. “The company has also invested sufficient capital in building out its technology infrastructure.”Morningstar analyst Ali Mogharabi also has a positive view on Lyft.“It has quickly emerged as the number two ride-sharing player, a position we think the firm will keep for years ahead,” he wrote in a report last month.“The firm has successfully gained market share going head to head against the market leader, Show less Read more
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