Jefferies Maintains Hold on Lyft, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst John Colantuoni maintains a Hold rating on Lyft and raises the price target from $10.5 to $13.
October 22, 2024 | 1:42 pm
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POSITIVE IMPACT
Jefferies analyst John Colantuoni maintains a Hold rating on Lyft and raises the price target from $10.5 to $13.
The increase in price target from $10.5 to $13 suggests a positive outlook on Lyft's future performance, which could lead to a short-term increase in stock price. However, the Hold rating indicates that the analyst does not see a strong buy opportunity, which tempers the positive impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100