Lyft: Credit Suisse maintains 'outperform' rating

(CercleFinance.com) - Credit Suisse maintains its "outperform" rating and 95-dollar target price on Lyft shares after hosting a series of investor meetings with the ride-hailing company.


After an extensive promotional environment in the first quarter - in which Lyft did not participate - the second quarter seems to have reverted back to a "more normalized state," the broker writes in a note.

According to Credit Suisse, the margin expansion thesis is "still on track," thanks to the ongoing expansion of Lyft Business (partnerships with healthcare, universities, etc.) and multiple passengers per ride pushing incremental revenue, with high incremental margins.

Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.