Goldman Sachs analyst Eric Sheridan raised the firm’s price target on Lyft to $16 from $15 and keeps a Neutral rating on the shares. The company’s Q4 operating results were slightly above Goldman’s estimates as faster gross bookings growth and better expense control led to adjusted EBITDA outperformance, the analyst tells investors in a research note. The firm continues to see Lyft as a pure play on the theme of transportation disruption in North America.
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