RBC Capital Maintains Outperform on Lyft, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson has maintained an Outperform rating on Lyft (NASDAQ:LYFT) and increased the price target from $23 to $24, indicating a positive outlook on the company's stock.
May 08, 2024 | 6:47 pm
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POSITIVE IMPACT
RBC Capital has maintained an Outperform rating on Lyft and raised the price target from $23 to $24, suggesting confidence in Lyft's future performance.
The increase in price target by RBC Capital reflects a positive assessment of Lyft's market position and future growth prospects. This endorsement from a reputable analyst could lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100