Rosenblatt Initiates Coverage On Lyft with Neutral Rating, Announces Price Target of $19
Rosenblatt analyst Scott Devitt initiates coverage on Lyft (NASDAQ:LYFT) with a Neutral rating and announces Price Target of $19.
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Rosenblatt analyst Scott Devitt initiates coverage on Lyft (NASDAQ:LYFT) with a Neutral rating and announces Price Target of $19.
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Lyft CFO Erin Brewer sold 509,383 shares worth $8.9 million on August 20, 2026, reducing her equity stake by 23%. The sale was primarily driven by tax withholding obligations (186,735 shares) and charitable gifts (322,648 shares). Despite the large share reduction, analysts note this should not concern investors as the dispositions were non-discretionary. Lyft's fundamentals remain healthy with Q2 2026 revenue up 16% year-over-year and net income up 25% annually.
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