"Lyft's stock has been given a Neutral rating by analyst Wei Fang, with a target price of $24. The company has shown strong growth in gross bookings, driven by product innovation and partnerships. However, the outlook for core rides growth is decelerating, and the Freenow acquisition in Europe poses challenges due to fierce competition. While falling insurance costs in California could spur growth, the potential for accelerated growth remains uncertain, leading to a balanced risk/reward scenario."
"Snap's stock has also been rated Neutral by Wei Fang, with a $9 price target. Despite the potential for growth re-acceleration and improvements in ad engagement through AI/ML and new ad formats, weak feedback from the ad channel and confusing company messaging keep the rating cautious. Snap's ad revenue growth has been the slowest among its peers, and the company needs a stronger AI story to regain investor confidence."
Lyft carries a Neutral rating with a $24 target; gross bookings grew strongly from product innovation and partnerships, but core rides growth is decelerating. The Freenow acquisition in Europe faces fierce competition, and falling insurance costs in California could help, yet accelerated growth remains uncertain, producing a balanced risk/reward profile. Snap also holds a Neutral rating with a $9 target; potential re-acceleration and AI/ML-driven ad engagement improvements exist, but weak ad-channel feedback and confusing company messaging sustain caution. Alphabet Class A is Outperform with a $295 target as AI Mode and Gemini improve ad performance and cloud positioning. Airbnb is Outperform with a $151 target and pursues hotel expansion as a key growth opportunity.
Read at TipRanks Financial
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