Morgan Stanley Maintains Equal-Weight on Lyft, Raises Price Target to $10.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Brian Nowak has maintained an Equal-Weight rating on Lyft (NASDAQ:LYFT) and increased the price target from $10 to $10.5.

November 14, 2023 | 2:27 pm
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Morgan Stanley has maintained an Equal-Weight rating on Lyft and raised the price target to $10.5, indicating a potential upside from the previous target.
The increase in price target by a major analyst like Morgan Stanley suggests a positive outlook on Lyft's stock, which could lead to a short-term increase in its stock price. The Equal-Weight rating indicates that the analyst views the stock as fairly valued at its current price, but the raised target implies a belief in some potential for growth.
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