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Lyft Is Set To Leap 33%

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Lyft has been struggling in 2020. It third-quarter figures weren't thrilling. But, there is good news. On Wednesday, Wedbush said earnings guidance and vaccine hopes stand to push the stock to pre-pandemic highs. Analyst Dan Ives lifted his price target for Lyft shares to $48 from $37 in a note to clients, a 33% upside from Tuesday's close. On Tuesday, Lyft executives said they expect the company to be profitable by the fourth quarter of 2021. Business Insider said the optimistic guidance should fuel a rebound in rides and a strong stock rally.

Added on the 11/11/2020 13:37:51 - Copyright : Wochit

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