Lyft will hit the stock market on Friday — here's what the first Wall Street analysts to cover the stock are saying

Most of the outlooks are positive, citing a huge market for ride-hailing and a company that's still very quickly growing.

"Our BUY rating reflects LYFT's impressive recent U.S. market share gains and momentum, the continued growth/expansion of the broader Ridesharing market, and the stock's reasonable EV/Sales multiple," he said in a note to clients. "The ridesharing industry has become one of the most transformational growth sectors of the US consumer market over the past five years with Lyft establishing itself as a clear #2 player behind the worldwide leader Uber," Ives said in a note to clients Wednesday., where US consumers spend $95 billion annually on public transportation.

"There are also a number of risks/uncertainty that we see in the crystal ball for Lyft including: competitive pressures, lack of a path to profitability in the near-term, regulatory uncertainty, and positioning within the next generation autonomous driving arms race," Ives saidMorningstar, traditionally a more conservative sell-side firm, has the highest target yet for Lyft's yet-to-trade stock but says the company's economic moat may be smaller than investors may want.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why is the Dow falling? Banks and tech stocks drag down market on Wall StreetU.S. stocks moved broadly lower on Wall Street Friday, dragged down by banks and industrial companies. roon0292 not good for Individual-1 Europe and China are messes.
Source: USATODAY - 🏆 100. / 63 Read more »

Tesla’s biggest supporters on Wall Street are nervous about the company's first quarter resultsEven the staunchest of bulls are worried about Tesla's results this quarter.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wall Street Week Ahead: Doubts increase that first quarter will be earnings low pointAs Wall Street braces for what may be the first U.S. profit decline since 2016, ... Thanks, Federal Reserve... Another Red Flag that A Trump/Republican’s Recession is going to happen. Hopefully it’s is not as severe as 2008 another Republican Recession. Let’s see what the first quarter GDP is. If it’s less than 3% then quit spending & prepare for many job losses. 'Earnings'? Have they EARNED them? They can always get a job.
Source: Reuters - 🏆 2. / 97 Read more »