Lyft: Jefferies still says 'buy'

(CercleFinance.com) - On Friday a Jefferies analyst confirms his "buy" rating on the Lyft share, having a "broadly positive" opinion of the group.


"Coronavirus: Lyft is not seeing any notable changes, though situation is early, AB5 regulatory risk contained. No update to profit timeline, but we're confident it comes before 4Q21, and lots of room to raise rev/rider and lower insurance cost," Jefferies says.

The broker therefore confirms its target price of 90 dollars for the share, representing huge upside potential.


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