Lyft price target raised to $19 from $16 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Lyft to $19 from $16 and keeps a Neutral rating on the shares following the company’s Q1 earnings report. The firm, which continues to see Lyft as a pure play on the theme of transportation disruption in North America, points toward the company’s June investor day as a potential catalyst for management to frame long-term narratives around compounded growth, operating margin trajectory and capital allocation.