Wells Fargo Boosts Lyft (LYFT) PT to $26 on Strong US Outlook, Remains Neutral Due to International Diversification Concerns
Lyft Inc. (NASDAQ:LYFT) is one of the high short interest stocks to buy right now. On December 9, Wells Fargo raised the firm’s price target on Lyft to 20, while maintaining an Equal Weight rating on the shares. Wells Fargo acknowledged that because Lyft is primarily a US rideshare operator, its positive outlook for the US rideshare market in 2026 is a clear benefit to the stock. However, the firm is maintaining a neutral stance because it views Lyft’s recent diversification into non-US assets as ...