Lyft Gets Its First Buy Rating Ahead of IPO with Price Target of $75marketwatch.com 2 pointsjustboxing7 years ago1 commentSaveHideCopy link On HNComments−justboxingOP7yThis 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-profitabl...
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This 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-profitabl...