Lyft (LYFT) PT Lowered to $11 at Deutsche Bank

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Lyft (LYFT) PT Lowered to $11 at DA Davidson

August 8, 2024 4:02 PM EDT

DA Davidson analyst Tom White lowered the price target on Lyft (NASDAQ: LYFT) to $11.00 (from $18.00) while maintaining a Neutral rating.

The analyst comments "Revenue estimates largely unchanged; EBITDA forecasts trimmed on incremental investment - Our 2024 and 2025 revenue forecasts are effectively unchanged. Our 2024... More