JPMorgan Chase Lifts Lyft Price Target to $19.00

JPMorgan Chase & Co. has raised its price target for Lyft (NASDAQ:LYFT) from $18.00 to $19.00 in a research note issued on Friday.

The brokerage currently maintains a 'neutral' rating on the ride-sharing company's stock, which would suggest a potential upside of 11.93% from the current price.

This is not the only recent change to Lyft's target price; Canaccord Genuity Group had previously reduced its target from $16.00 to $15.00 and set a 'hold' rating on the stock.