Tigress Financial analyst Ivan Feinseth raised the firm’s price target on Lyft (LYFT) to $28 from $26 and keeps a Buy rating on the shares. The company reported a “record start to the year,” and is expanding its advertising initiatives through Lyft Media, the analyst tells investors in a research note. The firm says the company is focusing on targeted geographic growth, emphasizing smaller, car-dependent cities like Indianapolis, where rides grew 37% in Q1.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYFT:
- Lyft brings back cheaper shared trips at airports, Bloomberg reports
- Lyft’s Competitive Challenges and Strategic Uncertainties Justify Hold Rating
- UBER Rolls Out New Features to Make Rides Cheaper
- Mixed options sentiment in Lyft (LYFT), with shares down $-0.23 (-1.35%) near $16.80
- Alphabet’s (GOOGL) Waymo Recalls 1,212 Self-Driving Cars over Software Glitch
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue