Credit Suisse Sticks to Its Buy Rating for Lyft (LYFT)

By Austin Angelo

In a report released yesterday, Stephen Ju from Credit Suisse maintained a Buy rating on Lyft (LYFTResearch Report), with a price target of $96.00. The company’s shares closed last Monday at $48.46.

According to TipRanks.com, Ju is a top 100 analyst with an average return of 17.3% and a 68.9% success rate. Ju covers the Technology sector, focusing on stocks such as Activision Blizzard, IAC/InterActiveCorp, and Mercadolibre.

Lyft has an analyst consensus of Strong Buy, with a price target consensus of $67.14, implying a 30.9% upside from current levels. In a report issued on February 4, SunTrust Robinson also maintained a Buy rating on the stock with a $75.00 price target.

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Based on Lyft’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $356 million. In comparison, last year the company had a GAAP net loss of $249 million.

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LYFT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Lyft, Inc. operates as an online social rideshare community platform. It helps commuters to share rides with friends, classmates, and co-workers going the same way. The company was founded by Marcus Cohn, John Zimmer, Rajat Suri, Matt van Horn, and Logan Green in June 2012 and is headquartered in San Francisco, CA.