DA Davidson Reiterates Neutral on Lyft, Raises Price Target to $11.5
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Tom White has reiterated a Neutral rating on Lyft (NASDAQ:LYFT) and raised the price target from $9.75 to $11.5.
August 09, 2023 | 2:42 pm
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DA Davidson analyst has reiterated a Neutral rating on Lyft and raised the price target from $9.75 to $11.5.
The news is directly about Lyft and is likely to impact its stock. The reiteration of a Neutral rating suggests that the analyst sees the stock as fairly valued at current levels. However, the increase in price target indicates a positive outlook for the stock, which could potentially lead to a positive sentiment among investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100