RBC Capital Maintains Outperform on Lyft, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson maintains an Outperform rating on Lyft (NASDAQ:LYFT) but lowers the price target from $24 to $17.

August 08, 2024 | 8:06 pm
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NEUTRAL IMPACT
RBC Capital analyst Brad Erickson maintains an Outperform rating on Lyft but lowers the price target from $24 to $17.
The Outperform rating suggests continued confidence in Lyft's performance, but the lowered price target indicates some concerns about future growth or market conditions. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100