Citigroup Maintains Neutral on Lyft, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli maintains a Neutral rating on Lyft (NASDAQ:LYFT) and raises the price target from $15 to $18.
May 08, 2024 | 7:41 pm
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Citigroup has maintained its Neutral rating on Lyft but increased the price target from $15 to $18.
The increase in price target by Citigroup reflects a positive adjustment in the valuation of Lyft, suggesting a potential upside from the previous target. This adjustment, while maintaining a Neutral stance, indicates an expectation of improved performance or valuation metrics for Lyft, which could lead to a short-term positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100