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Analyst slaps $42 target on Lyft

MEATIE

Well-Known Member
Shares of Lyft fell for a second straight day, this time after an analyst raised concern over the ride-hailing company's valuation.


Michael Ward, an analyst at Seaport Global Securities, initiated coverage of the stock with a sell rating and a 12-month price target of $42 a share. Ward's price target implies a 39.1 percent downside from Monday's close of $69.01. Lyft shares fell as much as 4.2 percent before trading 1.9 percent lower at $67.69. It priced its IPO Thursday evening at $72



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MEATIE

Well-Known Member
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wonder if Lance will still praising UBER after its IPO or will he need to sell some bikes to buy his pills.
 

Jack Barclay

Well-Known Member
Shares of Lyft fell for a second straight day, this time after an analyst raised concern over the ride-hailing company's valuation.


Michael Ward, an analyst at Seaport Global Securities, initiated coverage of the stock with a sell rating and a 12-month price target of $42 a share. Ward's price target implies a 39.1 percent downside from Monday's close of $69.01. Lyft shares fell as much as 4.2 percent before trading 1.9 percent lower at $67.69. It priced its IPO Thursday evening at $72



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Can’t wait for their quarterlys
 

London-born-and-bred

Well-Known Member
Oh look at you all,acting like some sort of financial wizards, you're steering wheel attendants, you're only ever going to be steering wheel attendants so get over yourselves.
 
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