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Lyft Gets Its First Buy Rating Ahead of IPO with Price Target of $75

2 pointsby justboxingabout 6 years ago

1 comment

justboxingabout 6 years ago
This makes no sense.<p>How do you give a rating on a stock that isn&#x27;t even trading, with a Price target on an IPO that is yet to be priced?<p>IPO hype &#x2F; marketing gimmick, or is Wall Street going giddy over this IPO ?<p>EDIT: Here&#x27;s the video of the Analyst justifying his &quot;rating&quot;: <a href="https:&#x2F;&#x2F;www.cnbc.com&#x2F;video&#x2F;2019&#x2F;03&#x2F;20&#x2F;lyft-will-be-profitable-but-not-in-near-term-analyst-with-first-buy.html" rel="nofollow">https:&#x2F;&#x2F;www.cnbc.com&#x2F;video&#x2F;2019&#x2F;03&#x2F;20&#x2F;lyft-will-be-profitabl...</a>