Lyft Remains A 'Show-Me' Story, Analysts Press For Execution
Lyft Inc. (NASDAQ:LYFT) posted strong third-quarter results, underscoring improvement in execution and operational discipline.J.P. Morgan analysts, led by Doug Anmuth, raised their price forecast for LYFT to 16 while maintaining a Neutral rating.The firm noted that Lyft crossed the $1 billion free cash flow mark for the first time, underscoring improved execution and disciplined cost control.Also Read: Can Lyft’s Waymo Deal Really Change The Ride-Hailing Game?Management expects continued growth in ...