Noam Galai/Getty Lyft CEO Logan Green
- Lyft is set to hold its initial public offering on Friday.
- The company could net a valuation upwards of $20 billion, based on the number of shares and current prices.
- Some Wall Street analysts have already launched coverage of the company, and are decidedly bullish.
Ahead of its highly anticipated debut on the Nasdaq stock exchange on Friday, Wall Street analysts have begun to initiate coverage of Lyft. Most of the outlooks are positive, citing a huge market for ride-hailing and a company that's still very quickly growing.
Lyft is expected to price around $70 before it starts trading - higher than its initially expected window of $62-$68. At that price, Lyft could feasibly see its public market valuation hit $20 billion, raising the San Francisco-based company about $2 billion in the process.
But with the offering already oversubscribed, that valuation could go even higher, some analysts have said. After all, Lyft's roadshow meeting in New York was standing-room-only, attendees told Business Insider, and the San Francisco stop was moved to a larger space amid protests at the originally planned location.
Here's which Wall Street analysts have picked up the stock so far, and what they're saying: