1 Wall Street Analyst Thinks Lyft Is Going to $24. Is It a Buy?
Shares of Lyft (NASDAQ: LYFT) were accelerating this week after the No. 2 ridesharing company reported strong results in its first-quarter earnings report, showing it's well on its way to being a growing and profitable company.
Not surprisingly, Wall Street took notice of another round of solid numbers from Lyft, and one of the stock's top bulls lifted its price target on Lyft to $24, implying 39% upside in the ride-hailing stock.
Source Fool.com
LYFT Inc Stock
€14.58
-1.100%
With 9 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 20 € shows a positive potential of 37.16% compared to the current price of 14.58 € for LYFT Inc.
