Lyft (LYFT) Deserves a Premium Multiple, B2B Deliveries are an Incremental Opportunity not in Models - Loop Capital

Loop Capital analyst Rob Sanderson reiterated a Buy rating and $82.00 price target on Lyft (NASDAQ: LYFT) noting that the company is experimenting with delivery models on a B2B basis to empower local retailers. This approach is different than Uber, Instacart and others pursuing a marketplace model which puts an intermediary between the consumer and the digital initiatives or retailers. Currently, models do not include any specific contribution from the growing opportunity for Lyft in B2B deliveries.

The analyst stated "We think LYFT should trade at a premium to food delivery and global rideshare peers for the following reasons: (i) we think rideshare will have superior economics to food delivery businesses, (ii) we think UCAN will remain the most lucrative region and (iii) we expect LYFT will have industry-leading margin."

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 $61.78 yesterday.

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