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Why Lyft's Stock Is Trading Lower Today

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Lyft Inc (NASDAQ: LYFT) shares are trading lower on Monday.

Atlantic Equities analyst James Cordwell says the weakness may be related to readacross from Hertz and Avis, which reportedly saw April demand down 80% year-over-year.

Hertz is being forced to liquidate some of its fleet, which is "having implications" for the car market.

Lyft shares were trading down 9% at $26.94 at time of publication on Monday. The stock has a 52-week high of $68.33 and a 52-week low of $14.56.

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Latest Ratings for LYFT

DateFirmActionFromTo
Jan 2021Morgan StanleyMaintainsEqual-Weight
Jan 2021BTIGMaintainsBuy
Dec 2020KeyBancMaintainsOverweight

View More Analyst Ratings for LYFT
View the Latest Analyst Ratings

 

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Latest Ratings

StockFirmActionPT
WWEEvercore ISI GroupUpgrades
INTB of A SecuritiesUpgrades40.0
BLDPBMO CapitalInitiates Coverage On39.0
SSYSStifelInitiates Coverage On40.0
CMGGoldman SachsInitiates Coverage On1,650.0
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