Lyft (LYFT) Receives a Buy from BTIG


BTIG analyst Jake Fuller maintained a Buy rating on Lyft (LYFT) on May 4 and set a price target of $80.00. The company’s shares closed last Wednesday at $52.63.

Fuller has an average return of 24.9% when recommending Lyft.

According to TipRanks.com, Fuller is ranked #529 out of 7493 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lyft with a $72.04 average price target, a 25.1% upside from current levels. In a report issued on April 27, Wells Fargo also reiterated a Buy rating on the stock with a $77.00 price target.

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The company has a one-year high of $68.28 and a one-year low of $21.34. Currently, Lyft has an average volume of 7.52M.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LYFT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Lyft, Inc. operates as an online social rideshare community platform. It helps commuters to share rides with friends, classmates, and co-workers going the same way. The company was founded by Marcus Cohn, John Zimmer, Rajat Suri, Matt van Horn, and Logan Green in June 2012 and is headquartered in San Francisco, CA.

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