LYFT Inc LYFT shares were trading 2.2% higher at $51.17 Monday after Daiwa Capital analyst Jairam Nathan upgraded the ride-sharing company from Neutral to Outperform and lowered the price target from $59 to $56.
Lyft is the second-largest ride-sharing service provider in the U.S., connecting riders and drivers over the Lyft app. Lyft offers a variety of rides via private vehicles, including traditional private, shared and luxury rides. Besides ride-share, Lyft also has also entered the bike- and scooter-share market to bring multimodal transportation options to users.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
