Why Lyft Stock Soared 28% in December
Shares of Lyft (NASDAQ: LYFT) were climbing again for the second month in a row in December as the ridesharing stock's recovery continued.
There was relatively little company-specific news out on Lyft last month, but a combination of bullish commentary from management, price hikes from Wall Street analysts, good news from the Federal Reserve, and tailwinds from rival Uber Technologies, which was added to the S 500 last month, combined to propel Lyft stock higher.
According to data from S&P Global Market Intelligence, the stock was up 28% for the month. As you can see from the chart, those gains came in the first half of December.
Source Fool.com
LYFT Inc Stock
€15.20
-0.290%
We see a rather positive sentiment for LYFT Inc with 7 Buy predictions and 1 Sell predictions.
With a target price of 19 € there is a positive potential of 25.0% for LYFT Inc compared to the current price of 15.2 €.
