In a report released today, Daniel Ives from Wedbush maintained a Hold rating on Lyft Inc (LYFT), with a price target of $67. The company’s shares closed on Friday at $64.26.
According to TipRanks.com, Ives is a 4-star analyst with an average return of 5.7% and a 55.7% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Uber Technologies Inc, and Pivotal Software Inc.
Lyft Inc has an analyst consensus of Moderate Buy, with a price target consensus of $70.25.
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Based on Lyft Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.14 billion. In comparison, last year the company had a GAAP net loss of $234 million.
Based on the recent corporate insider activity of 53 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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