Lyft Q4 Update: Key to Future Success

Lyft’s Fourth Quarter Update Holds Key to Future Success, Says Bernstein

Bernstein, a leading financial firm, has reiterated its Market Perform rating on Lyft and set a steady price target of $14.00. Revealing its analysis, Bernstein suggests that the upcoming fourth quarter update will be crucial for Lyft as it presents its long-term goals for the first time under the new management team. In particular, investors are eager to learn about the company’s financial targets, which Bernstein believes are being underestimated by the consensus, especially when it comes to trip-level gross margin.