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
€14.39
-1.610%
With 9 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 20 € shows a positive potential of 38.97% compared to the current price of 14.39 € for LYFT Inc.
