Lyft Stock: Buy, Sell, or Hold?
If you asked the professional analyst community about ride-sharing company (NASDAQ: LYFT), they'd collectively tell you that the stock has strong upside potential. As of this writing, the average price target from analysts is $18.69 per share, according to the 32 analysts tracked by TipRanks. That points to nearly 40% upside from where it trades, as of this writing.
That said, the analyst community is often wrong. And I believe that it's wrong again when it comes to its price target for Lyft. But I don't mean that in the way that you might think.
I don't believe that analysts are overestimating the potential of a Lyft investment today. To the contrary, I believe it has much higher upside potential than what it gets credit for, and I consequently believe that Lyft stock is a buy today.
Source Fool.com
LYFT Inc Stock
With 24 Buy predictions and 2 Sell predictions LYFT Inc is one of the favorites of our community.
As a result the target price of 18 € shows a positive potential of 34.65% compared to the current price of 13.37 € for LYFT Inc.
