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LYFT

Lyft

$55.01

-1.235 (-2.20%)

, UBER

Uber

$39.76

-0.155 (-0.39%)

06:49
05/31/19
05/31
06:49
05/31/19
06:49

JPMorgan says buy Lyft as shares offer 50% potential upside

After hosting investor meetings with management, JPMorgan analyst Doug Anmuth recommends buying shares of Lyft (LYFT) on the "increasingly rational" ridesharing industry as well as the company's improving profitability. Management's overall tone was very confident around the easing of the competitive environment in U.S. ridesharing, core ridesharing losses improving, ongoing leverage in insurance costs, and the "high-growth, high-margin" revenue opportunities in Lyft Business, Anmuth tells investors in a research note. Further and importantly, on its earnings call last night, Uber (UBER) echoed Lyft's comments on the more favorable operating environment in the U.S., adds the analyst. He keeps an Overweight rating on Lyft with an $86 price target, suggesting 50% potential upside. The stock closed yesterday down $1.43 to $54.83.

LYFT

Lyft

$55.01

-1.235 (-2.20%)

UBER

Uber

$39.76

-0.155 (-0.39%)

LYFT Lyft
$55.01

-1.235 (-2.20%)

05/21/19
JEFF
05/21/19
NO CHANGE
Target $90
JEFF
Buy
After visiting management, Jefferies says Lyft valuation is attractive
After sitting down with management, Jefferies analyst Brent Thill maintains a Buy rating on shares of Lyft with a $90 price target. The analyst believes the U.S. rideshare environment is "positive and rational," Lyft has a playbook to reduce insurance costs, and that management has "no doubts" on hitting profitability. Given that framework, Thill views Lyft's valuation as attractive at current levels.
05/21/19
05/21/19
INITIATION
Target $2200

Buy
Booking Holdings assumed with a Buy at Needham
As previously reported, Needham analyst Brad Erickson assumed coverage of Booking Holdings with a Buy rating and a price target of $2,200, saying that investors' assumption that the company cannot compete in the U.S. market is a "misperception." The analyst believes that the company can generate upside to revenues and earnings as well as raise its "near-trough level" multiple if it could reach a deal with a mobility partner like Lyft (LYFT), execute on a brand campaign, or "apply its structural conversion advantage to the U.S." Erickson adds that Booking's low alternative accommodation market share in the U.S. makes the risk/reward on the stock "too positive to ignore."
05/14/19
GHSC
05/14/19
NO CHANGE
Target $35
GHSC
Sell
Lyft price target lowered to $35 from $42 at Seaport Global
Seaport Global analyst Michael Ward noted that Lyft's (LYFT) revenue nearly doubled in the first quarter but its EBITDA losses were comparable to the year-earlier period, offering this as evidence that the company lacks a clear path to profitability. The analyst, who lowered his price target on Lyft shares to $35 from $42, also cites concerns that demands from drivers and regulatory demands from larger cities could pressure costs further. Ward, who contends that "the bloom is off the rose with the ridesharing services industry" following the IPO of Uber (UBER), keeps a Sell rating on Lyft shares.
05/10/19
WEDB
05/10/19
NO CHANGE
Target $65
WEDB
Outperform
Uber's conservative pricing 'smart and prudent,' says Wedbush
Wedbush analyst Ygal Arounian maintained an Outperform rating on Uber (UBER) with a $65 price target after the ride-hailing company's IPO priced at $45 per share, valuating the company north of $80B. In a research note to investors, Arounian says he views Uber's conservative pricing as a "smart and prudent" strategy coming out of the box as it clearly learned from its "little brother" Lyft (LYFT), and the experience it has gone through over the past month. Arounian says he views Lyft as a "one trick pony" domestic ride sharing player and believes Uber has clearly established itself as the clear #1 player in the ridesharing industry and is paving a similar road to what Amazon (AMZN) did to transform retail and ecommerce and Facebook (FB) did for social media.
UBER Uber
$39.76

-0.155 (-0.39%)

05/31/19
ATLE
05/31/19
UPGRADE
ATLE
Overweight
Uber upgraded to Overweight from Neutral at Atlantic Equities
05/29/19
DADA
05/29/19
NO CHANGE
Target $53
DADA
Neutral
Uber growth trajectory set to improve in Q1, says DA Davidson
DA Davidson analyst Tom White kept his Neutral rating and $53 price target on Uber ahead of its Q1 earnings, saying the results should come in "inline or slightly better" than the ranges provided in the company's S-1 IPO prospectus. The analyst believes that the company's growth trajectory in the quarter should improve "somewhat" as Uber Eats' accelerating growth offsets the slower Ridesharing. White adds that the company's comps in the back half of 2019 should also be "significantly easier", but warns that if Uber "struggles" to maintain a robust topline growth over the next few quarters, investors will begin to question the actual size of its total addressable market.
05/28/19
CRSS
05/28/19
INITIATION
CRSS
Hold
Uber initiated with a Hold at Cross Research
05/23/19
NWST
05/23/19
INITIATION
Target $50
NWST
Buy
Uber initiated with a Buy at New Street
New Street initiated Uber with a Buy and $50 price target.

TODAY'S FREE FLY STORIES

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AAPL

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NGM

NGM Biopharmaceuticals

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VNDA

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CBAY

CymaBay

$6.76

-0.32 (-4.52%)

16:58
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PK

Park Hotels & Resorts

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ICPT

Intercept

$79.64

-1.74 (-2.14%)

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KRYS

Krystal Biotech

$41.15

11.87 (40.54%)

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Syndicate
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  • 24

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GNFT

Genfit

$20.19

-0.02 (-0.10%)

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16:40
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General news
Fed's Kaplan wants to take more of a wait-and-see approach to policy »

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CHWY

Chewy

$31.52

-0.64 (-1.99%)

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ARQL

ArQule

$10.00

-0.48 (-4.58%)

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CLXT

Calyxt

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CNAT

Conatus

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  • 27

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GNFT

Genfit

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EHC

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CHS

Chico's

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TBNK

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ARQL

ArQule

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COST

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EB

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