LYFT (LYFT) Coverage Initiated by Analysts at KeyCorp

KeyCorp initiated coverage on shares of LYFT (NASDAQ:LYFT) in a research report report published on Tuesday, BenzingaRatingsTable reports. The firm issued a sector weight rating and a $67.00 target price on the ridesharing company’s stock.

A number of other equities analysts have also weighed in on LYFT. UBS Group assumed coverage on shares of LYFT in a research report on Tuesday. They set a buy rating and a $82.00 target price for the company. Canaccord Genuity assumed coverage on shares of LYFT in a research report on Tuesday. They set a buy rating and a $75.00 target price for the company. Credit Suisse Group began coverage on shares of LYFT in a research report on Tuesday. They set an outperform rating and a $95.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of LYFT in a research report on Tuesday. They set an overweight rating and a $82.00 price objective for the company. Finally, Stifel Nicolaus began coverage on shares of LYFT in a research report on Tuesday. They set a buy rating and a $68.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $75.71.

Shares of NASDAQ:LYFT opened at $60.25 on Tuesday. LYFT has a fifty-two week low of $55.56 and a fifty-two week high of $88.60.

In other LYFT news, Director R. Ann Miura-Ko acquired 1,650 shares of the stock in a transaction on Tuesday, April 2nd. The stock was acquired at an average price of $72.00 per share, for a total transaction of $118,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of hedge funds have recently added to or reduced their stakes in the business. Columbus Circle Investors bought a new position in LYFT during the first quarter valued at $20,523,000. Calamos Advisors LLC bought a new position in LYFT during the first quarter valued at $1,174,000. FNY Investment Advisers LLC bought a new stake in shares of LYFT in the 1st quarter worth about $700,000. Finally, Virtu Financial LLC bought a new stake in shares of LYFT in the 1st quarter worth about $385,000.

About LYFT

Lyft, Inc operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders.

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Analyst Recommendations for LYFT (NASDAQ:LYFT)

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