Goldman Sachs Maintains Neutral on Lyft, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Lyft (NASDAQ:LYFT) but increased the price target from $12 to $15.
January 12, 2024 | 2:26 pm
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Goldman Sachs maintains a Neutral rating on Lyft but raises the price target from $12 to $15, indicating a potential upside from the previous target.
The increase in price target by a reputable analyst like Goldman Sachs suggests a positive outlook on Lyft's valuation, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100