Lyft price target lowered to $22 from $25 at Roth Capital

Roth Capital lowered the firm’s price target on Lyft (LYFT) to $22 from $25 and keeps a Buy rating on the shares. The company’s Q1 Bookings bracketed the Street while EBITDA came in below expectations, though the firm recommends that investors buy the weakness due to the stock’s unusually low/trough valuation for a company with secular tailwinds and 20% bookings growth, the analyst tells investors in a research note.