Lyft (LYFT) PT Raised to $11 at TD Cowen

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Go back to Lyft (LYFT) PT Raised to $11 at TD Cowen

Lyft (LYFT) PT Lowered to $22 at Tigress Financial Partners

July 20, 2023 9:45 AM EDT

Tigress Financial Partners analyst Ivan Feinseth lowered the price target on Lyft (NASDAQ: LYFT) to $22.00 while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating on LYFT and adjust our 12-month target price to $22 on a re-rating of valuation, but LYFT remains well-positioned to benefit from the strength in travel as well as ongoing operating efficiencies and new growth initiatives, creating upside catalysts. LYFT will continue to benefit from the massive post-pandemic recovery in travel as well as multiple operating efficiencies and new growth initiatives initiated under new CEO... More