Monness Remains a Hold on Lyft (LYFT)

In a report released today, Brian White from Monness maintained a Hold rating on Lyft (LYFTResearch Report). The company’s shares opened today at $13.92.

White covers the Technology sector, focusing on stocks such as Alphabet Class A, Apple, and Salesforce. According to TipRanks, White has an average return of 7.2% and a 53.11% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lyft with a $30.33 average price target.

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The company has a one-year high of $57.68 and a one-year low of $10.83. Currently, Lyft has an average volume of 13.65M.

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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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