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Lyft Gets Its First Buy Rating Ahead of IPO with Price Target of $75
- justboxing 8y agoThis makes no sense. How do you give a rating on a stock that isn't even trading, with a Price target on an IPO that is yet to be priced? IPO hype / marketing gimmick, or is Wall Street going giddy over this IPO ? EDIT: Here's the video of the Analyst justifying his "rating": https://www.cnbc.com/video/2019/03/20/lyft-will-be-profitable-but-not-in-near-term-analyst-with-first-buy.html https://www.cnbc.com/video/2019/03/20/lyft-will-be-profitabl...