Lyft Surges on IPO

Shares Lyft surged on their first day of trading, closing up over 8% at $78.29, having hit a within-day high of $88 - but what is the Morningstar view on the ride-sharing firm?

Ali Mogharabi 1 April, 2019 | 10:39AM

Lyft

Shares in ride-sharing firm Lyft (LYFT) surged on their first day of trading, closing up over 8% at $78.29, having hit a within-day high of $88.

Morningstar analysts initiated coverage of the firm with a fair value estimate of $72 per share and assigned a narrow moat rating, which means the company has a slim competitive advantage.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Lyft Inc Class A39.04 USD-1.21

About Author

Ali Mogharabi  is an equity analyst for Morningstar

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