Lyft Shuffes Management: Analysts Address Whether This Is A 'Positive' Change
Lyft Shuffes Management: Analysts Address Whether This Is A 'Positive' Change
Shares of Lyft Inc (NASDAQ:LYFT) jumped in early trading on Tuesday, after the company said its co-founders, Logan Green and John Zimmer, would transition to non-executive roles.
- DA Davidson analyst Tom White maintained a Neutral rating and price target of $12.50.
- Bernstein analyst Nikhil Devnani reaffirmed a Market Perform rating and price target of $12.00.
Check out other analyst stock ratings.
DA Davidson
- The co-founders stepping aside as CEO and President "will prove to be a net positive for LYFT shares over the next 12-18 months," White said in a note.
- David Risher, who has served at Microsoft Corp (NASDAQ:MSFT) and Amazon.com Inc (NASDAQ:AMZN), will become CEO.
- While it is "too early" to estimate the impact of this decision, it could prove positive "if it signals an increased willingness to broaden LYFT's strategic aperture a bit in areas such as product strategy (maybe delivery?), partnerships, or other ways to create value for equity holders," the analyst stated.
Bernstein
- Given recent stock performance and challenges, the latest change to in the management team "is understandable," Devnani said.
- "This can be a positive change for the company as it looks to get back on track after a tough 2022," the analyst wrote. He added that Wall Street will be interested in knowing the new CEO's approach to gaining a competitive edge versus Uber Technologies Inc (NYSE:UBER) and "getting the business to sustainable, positive FCF."
LYFT Price Action: Shares of Lyft jumped by 6.82% to $10.26 at the time of publication Tuesday.
Shares of Lyft Inc (NASDAQ:LYFT) jumped in early trading on Tuesday, after the company said its co-founders, Logan Green and John Zimmer, would transition to non-executive roles.
的股份 利夫特公司 (NASDAQ: LYFT) 在該公司表示,其聯合創始人洛根·格林和約翰·基默爾(John Zimmer)將過渡到非執行角色之後,週二在早期交易中跳躍。
- DA Davidson analyst Tom White maintained a Neutral rating and price target of $12.50.
- Bernstein analyst Nikhil Devnani reaffirmed a Market Perform rating and price target of $12.00.
- DA 戴維森分析師 湯姆·懷特 維持中性評級,價格目標為 12.50 美元。
- 伯恩斯坦分析師 尼基尔·德夫纳尼 再次確認了市場表現評級和價格目標為 12.00 美元。
Check out other analyst stock ratings.
查看其他分析師股票評級。
DA Davidson
达戴维森
- The co-founders stepping aside as CEO and President "will prove to be a net positive for LYFT shares over the next 12-18 months," White said in a note.
- David Risher, who has served at Microsoft Corp (NASDAQ:MSFT) and Amazon.com Inc (NASDAQ:AMZN), will become CEO.
- While it is "too early" to estimate the impact of this decision, it could prove positive "if it signals an increased willingness to broaden LYFT's strategic aperture a bit in areas such as product strategy (maybe delivery?), partnerships, or other ways to create value for equity holders," the analyst stated.
- White 在一份紙條中說,聯合創始人擔任首席執行官和總裁「將被證明是 LYFT 股票的淨陽性在未來 12-18 個月。
- 大衛·里舍爾, 誰曾在 微軟公司 (納斯達克:MSFT) 和 亚马逊公司 (納斯達克:AMZN), 將成為首席執行官.
- 雖然估計這一決定的影響「為時尚早」,但如果它表明願意在產品策略等領域擴大 LYFT 戰略孔徑的意願增加(也許是交付?),這可能會證明是積極的。,合作夥伴關係或其他為股票持有人創造價值的方式,」分析師表示。
Bernstein
伯恩斯坦
- Given recent stock performance and challenges, the latest change to in the management team "is understandable," Devnani said.
- "This can be a positive change for the company as it looks to get back on track after a tough 2022," the analyst wrote. He added that Wall Street will be interested in knowing the new CEO's approach to gaining a competitive edge versus Uber Technologies Inc (NYSE:UBER) and "getting the business to sustainable, positive FCF."
- 鑑於最近的股票表現和挑戰,對管理團隊的最新變化「是可以理解的,」Devnani 說。
- 分析師寫道:「對於公司來說,這可能是一個積極的變化,因為它看起來在 2022 年艱難之後恢復正軌。」他補充說,華爾街將有興趣了解新的首席執行官獲得競爭優勢的方法 優步技術公司 紐約證券交易所代碼:UBER)和「使業務邁向可持續的,積極的 FCF。」
LYFT Price Action: Shares of Lyft jumped by 6.82% to $10.26 at the time of publication Tuesday.
LYFT 價格行動: 週二公佈時,利夫特股價上漲了 6.82%,至 10.26 美元。
譯文內容由第三人軟體翻譯。
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