KeyBanc upgrades Lyft, says stock can rally more than 50% as demand stabilizes

Quick Summary

The firm said cost-cutting measures could also help EBITDA.

Lyft shares could see big gains as the ride-share company cuts costs and sees demand stabilize, KeyBanc said.

Analyst Justin Patterson upgraded the stock to overweight from sector weight.

More Pictures

News Analysis

Category: Nation Politics

Topics: Pro: Street Calls CNBC Pro Transportation Stocks Investment strategy Technology Articles Cnbc Premium Stock markets Lyft Inc PRO Home Uber Technologies Inc Investing Source:tagname:CNBC US Source

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: cnbc.com

Readership Location: United States

Published Date: 2023-01-24, 12:17:38

News Timezone: GMT -5:00

Language: English

Original Article Length: 405 words

Reading Duration: 3 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 3112377

Load More

About Publisher

Name: CNBC

Main Topics: NationPolitics

Official Website: cnbc.com

Update Frequency: 48 posts per day

Last Update: 8h ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #85

Load More