LYFT Inc (LYFT)

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Lyft Given New $70.00 Price Target at Morgan Stanley
By: MarketBeat | May 11, 2021

Lyft (NASDAQ:LYFT) had its price objective hoisted by equities research analysts at Morgan Stanley from $65.00 to $70.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the ride-sharing company's stock. Morgan Stanley's price target indicates a potential upside of 42.39% from the stock's current price.

Several other equities research analysts have also commented on LYFT. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on shares of Lyft from $76.00 to $80.00 in a research note on Thursday, May 6th. Truist Financial increased their price objective on shares of Lyft from $56.00 to $70.00 in a research note on Tuesday, April 27th. Citigroup increased their price objective on shares of Lyft from $76.00 to $80.00 in a research note on Thursday, May 6th. Susquehanna increased their price objective on shares of Lyft from $45.00 to $80.00 and gave the company a "positive" rating in a research note on Wednesday, February 10th. Finally, Truist increased their price objective on shares of Lyft from $44.00 to $66.00 and gave the company a "buy" rating in a research note on Wednesday, February 10th. Eight research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Lyft has a consensus rating of "Buy" and a consensus target price of $69.06.

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