TD Cowen analyst John Blackledge raised the firm’s price target on Lyft (LYFT) to $14 from $12 and keeps a Hold rating on the shares. The firm notes the company’s Q1 GBs were 0.4% above consensus, reflecting strong growth in riders and engagement, while EBITDA was 15% above consensus, reflecting ongoing cost discipline. Q2 GB guide was about 2% above consensus at high end, while EBITDA guide was +6% vs consensus.
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