Ubs Claims Drivers Prefer Uber Over Lyft Downgrade The Stock
Analyst Lloyd Walmsley reduced LYFT from ‘buy’ to ‘neutral’ and reduced the price target from $50 to $16, lowering the earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2024 to $671 million, while the company expects its EBITDA in 2024 to reach $1 billion. LYFT chart and analysis LYFT has been trading in the $13.41 to $18.57 range in the last month, staying below all moving averages. The short-term and long-term trends are negative, while technical analysis shows a resistance zone from $15....