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Wednesday, 05/08/2024 6:20:56 AM

Wednesday, May 08, 2024 6:20:56 AM

Post# of 364612
Lyft price target raised to $20 from $17 at Barclays
Barclays raised the firm's price target on Lyft to $20 from $17 and keeps an Equal Weight rating on the shares. The company's sales are showing no signs of consumer weakness with gross bookings accelerating in 1Q and holding steady into Q2, the analyst tells investors in a research note. The firm expects the June 6 investor day to continue Lyft's upward momentum.

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