Lyft Stock Get First Sell Rating ... $42 Target Price

The Drive Guy

Well-Known Member
Lyft had another rough day on the stock market and has now earned it's first sell rating with a price target of $42.

Seaport Global initiated coverage of Lyft with a “sell” rating and a $42 price target, with analyst Michael Ward calling the stock’s current valuation a “leap of faith” that consumers will forgo owning cars in favor of using ride-hailing services.

NY Post