Lyft Gets Its First Buy Rating Ahead of IPO with Price Target of $75 (marketwatch.com) 2 points by justboxing 7y ago ↗ HN
[–] justboxing 7y ago ↗ 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...
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[ 1.7 ms ] story [ 14.9 ms ] threadHow 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...