Lyft (LYFT) Tops Q3 EPS by 9c, Revs Beat; Raises Outlook

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Lyft (LYFT) PT Raised to $82 at RBC Capital

October 31, 2019 6:34 AM EDT

RBC Capital analyst Mark Mahaney raised the price target on Lyft (NASDAQ: LYFT) to $82.00 (from $76.00) while maintaining an Outperform rating.

The analyst commented, "Lyft reported Beat & Raise Q3 results. Q3 Revenue $956MM, +63% Y/Y and EBITDA losses ($128MM) nicely beat Street expectations, and... More