InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,718.57
(
0.28%
)
US TECH 100
19,314.00
(
0.08%
)
Dow Jones
42,124.65
(
0.15%
)
Brent Oil
73.47
(
-0.57%
)
Bitcoin
63,342.83
(
-0.44%
)
Post# of 994
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

MN BOUND

Send PM Follow Ignore
Followers 4
Posts 186
Boards Moderated 0
Alias Born 08/31/2017

MN BOUND

Re: None

Friday, 03/06/2020 10:18:49 AM

Friday, March 06, 2020 10:18:49 AM

Post# of 994
Lyft initiated with a Buy at Needham; tgt $48
8:49 AM ET 3/6/20 | Briefing.com
. Needham initiates LYFT with a Buy and price target of $48. Analyst Brad Erickson stated, "We think LYFT's (the #2 player in the North American shared-mobility market) 30% decline since reporting 4Q19 results (we attribute ~70% of the drop to Q4 results/guidance and 30% to coronavirus) has created an unreasonably wide valuation discount to competitor UBER (2.9x vs. 1.5x EV/'21 revenue). We think the company can show upside vs. consensus in spite of coronavirus as the quality of its financials is set to improve. We suspect that investors' reluctance to price in a faster timeline to profitability has created a favorable risk/reward opportunity. Initiate at Buy with a $48 PT based on 2x EV/'21 revs."
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Detailed Quote
Recent LYFT News
More LYFT News
InvestorsHub NewsWire

VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM

Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM

HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM

Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM

Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM

PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM

Start posting your company's news
Only $200 per official company press release!