Lyft price target raised to $18 from $12 at Roth MKM

Roth MKM analyst Rohit Kulkarni raised the firm’s price target on Lyft to $18 from $12 but keeps a Neutral rating on the shares after its Q4 results last week. The firm is “very encouraged” with Lyft’s progress and believes the company is close to achieving sustainable and improving unit economics, the analyst tells investors in a research note. If Lyft’s execution remains steady and predictable, there’s upside to both multiples and estimates, the firm added.