Buying Lyft stock requires making 'too many big assumptions,' analyst warns amid IPO hype

Buying Lyft stock requires making 'too many big assumptions,' analyst warns amid IPO hype

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/04/01/guggenheim-buying-lyft-stock-requires-making-too-many-big-assumptions.html

Guggenheim restrained its enthusiasm for shares of Lyft on Monday, beginning coverage of the rideshare company's stock with a neutral rating due to what the firm sees as a hazy outlook.

"We simply have to look too far out with too many big assumptions in order to make a case for the stock," Guggenheim analyst Jake Fuller wrote in a note to investors.

Buying Lyft stock requires making 'too many big assumptions,' analyst warns amid IPO hype

Apr 1, 2019, 12:30pm UTC
https://www.cnbc.com/2019/04/01/guggenheim-buying-lyft-stock-requires-making-too-many-big-assumptions.html > Guggenheim restrained its enthusiasm for shares of Lyft on Monday, beginning coverage of the rideshare company's stock with a neutral rating due to what the firm sees as a hazy outlook. > "We simply have to look too far out with too many big assumptions in order to make a case for the stock," Guggenheim analyst Jake Fuller wrote in a note to investors.