Wells Fargo analyst Brian Fitzgerald lowered the firm’s price target on Lyft (LYFT) to $30 from $42 and keeps an Overweight rating on the shares. The analyst notes the company reported a solid Q3, but shares reacted negatively to mixed guidance, as rideshare revenue trends are recovering more slowly at Lyft versus Uber (UBER).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on LYFT: