Lyft's scooters steering new customers to ride-hailing, but winter is coming

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Lyft (LYFT) PT Raised to $76 at RBC Capital

August 8, 2019 7:01 AM EDT

RBC Capital analyst Mark Mahaney raised the price target on Lyft (NASDAQ: LYFT) to $76.00 (from $72.00) while maintaining a Outperform rating.

The analyst commented, "Lyft reported clean Beat & Raise Q2 results. Revenue of $867MM & EBITDA loss of ($204MM) beat Street by 7% and 26%, respectively.... More