Raymond James Starts Lyft (LYFT) at Outperform

Raymond James analyst Justin Patterson initiates coverage on Lyft (NASDAQ: LYFT) with a Outperform rating and a price target of $85.00.

• Believes revenue growth can sustain at nearly 30% per annum over the medium terms.
• Believes EBITDA margins can expand significantly.
• Says current valuation is underestimating those prior facts and therefore sees an attractive entry point.

For an analyst ratings summary and ratings history on Lyft click here. For more ratings news on Lyft click here.

Shares of Lyft closed at $60.94 yesterday.

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