Reported 6 months ago
Analysts at Bank of America Securities have upgraded Lyft stock from Underperform to Buy, citing the rideshare company's substantial improvements in cost management, innovation, and share count dilution. The upgrade follows Lyft's investor day update and increased bookings forecast, with the analysts highlighting positive changes since their underperform rating in September 2022, including the introduction of Lyft Media for in-app advertisements. Market reactions and further insights can be found in Market Domination's latest episode, featuring a double upgrade and an exclusive interview with Lyft CEO David Risher.
Source: YAHOO