Wells Fargo raised the firm’s price target on Lyft (LYFT) to $16 from $15 and keeps an Equal Weight rating on the shares. The firm is raising 2026 EBITDA estimates approximately mid-single digit for the company to incorporate its comprehensive advertising analysis.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYFT:
- Unusually active option classes on open September 3rd
- Why Bearish Option Traders are Clawing at Ride-Sharing Giant LYFT
- Newsom, California lawmakers reach pact with Uber, Lyft on unions, LA Times says
- Lyft Stock (LYFT) Rallies on Founders’ Exit as Margin Pressure Intensifies
- Lyft call volume above normal and directionally bullish