Loop Capital Maintains Hold on Lyft, Raises Price Target to $12
Portfolio Pulse from jenniferd'souza@benzinga.com
Loop Capital analyst Rob Sanderson maintains a 'Hold' rating on Lyft (NASDAQ:LYFT) and raises the price target from $9 to $12.

August 14, 2023 | 12:39 pm
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Loop Capital analyst maintains a 'Hold' rating on Lyft and raises the price target from $9 to $12.
The news is directly related to Lyft as the analyst from Loop Capital maintains a 'Hold' rating on the company and raises the price target. This suggests that the analyst sees potential in the company but also some risks, hence the 'Hold' rating. This could lead to a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100