Lyft (LYFT) Q1 Revenues Beat

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Lyft (LYFT) PT Raised to $60 at Stifel

May 5, 2021 6:42 AM EDT

Stifel analyst Scott Devitt raised the price target on Lyft (NASDAQ: LYFT) to $60.00 (from $55.00) while maintaining a Hold rating.

The analyst commented, "Lyft reported 1Q:21 results with revenue rising +7% q/q, ahead of expectations and the company's guidance. Ride volume improved... More