SIG analyst Shyam Patil maintains $Lyft Inc (LYFT.US)$ with a hold rating, and adjusts the target price from $10 to $18.
According to TipRanks data, the analyst has a success rate of 57.4% and a total average return of 11.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lyft Inc (LYFT.US)$'s main analysts recently are as follows:
Lyft's free cash flow in Q3 came as a significant surprise, partly due to insurance mix and underlying margin improvement. The company's other key metrics generally met expectations, and unlike its competitor Uber, it exhibited steady growth trends in ride-hail during the second half.
The firm noted that 3Q revenue for Lyft exceeded expectations due to robust demand and an all-time high in ride numbers. EBITDA for the same quarter surpassed consensus estimates, which was attributed to more efficient rider incentives.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
