In a report released today, Brian White from Monness maintained a Hold rating on Lyft (LYFT). The company’s shares closed last Friday at $22.00, close to its 52-week low of $14.57.
According to TipRanks.com, White is a top 100 analyst with an average return of 18.2% and a 60.9% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Slack Technologies, and Salesforce.
Currently, the analyst consensus on Lyft is a Strong Buy with an average price target of $56.41, which is a 151.4% upside from current levels. In a report issued on March 25, Morgan Stanley also maintained a Hold rating on the stock with a $31.00 price target.
See today’s analyst top recommended stocks >>
Based on Lyft’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.02 billion and GAAP net loss of $356 million. In comparison, last year the company earned revenue of $670 million and had a GAAP net loss of $249 million.
Based on the recent corporate insider activity of 65 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.
Read More on LYFT:
