In a report released on January 10, Brad Erickson from RBC Capital maintained a Hold rating on Lyft (LYFT – Research Report), with a price target of $15.00. The company’s shares closed yesterday at $13.30.
Erickson covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Carvana Co, and Expedia. According to TipRanks, Erickson has an average return of 19.9% and a 55.40% success rate on recommended stocks.
In addition to RBC Capital, Lyft also received a Hold from Goldman Sachs’s Eric Sheridan in a report issued yesterday. However, on December 29, Nomura downgraded Lyft (NASDAQ: LYFT) to a Sell.
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The company has a one-year high of $18.36 and a one-year low of $7.85. Currently, Lyft has an average volume of 15.7M.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LYFT in relation to earlier this year.
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Lyft (LYFT) Company Description:
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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