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Lyft shares fall again as analyst says buying the stock here is 'leap of faith'
https://www.cnbc.com/2019/04/02/lyft-shares-fall-again-as-analyst-says-buying-the-ipo-here-is-leap-of-faith.html
Shares of Lyft fell for a second straight day after an analyst raised concern over the ride-hailing company's valuation.
Seaport Global Securities analyst Michael Ward initiated coverage of the stock with a sell rating and a 12-month price target of $42 a share. Ward's price target implies a 39.1 percent downside from Monday's close of $69.01. Lyft shares traded down 2.6 percent at $67.22 in the premarket. It priced its IPO Thursday evening at $72.