Goldman Sachs acknowledges Lyft undervaluation with upgrade to buy

On May 9, 2025, major analysts on Wall Street issued several critical calls on various stocks following their recent earnings reports. Bank of America reaffirmed its 'Buy' rating on DraftKings, citing positive underlying fundamentals and a strong revenue growth profile. Additionally, Pfizer was noted for its positive results in its financial report, helping support the stock’s rise. Goldman Sachs upgraded Lyft to 'buy' from 'neutral,' recognizing the ride-sharing company’s shares as undervalued. This follows a notable surge in the Affirm Card's adoption and the increasing popularity of its financial products. Moreover, Bernstein maintained its 'outperform' rating on Coinbase, highlighting the company's leading position in crypto financial services amidst favorable regulatory conditions. Bank of America also reaffirmed its positive outlook on Pinterest based on usage trends and AI benefits. Perkins Sandler downgraded Expedia to 'underweight' after mixed 1Q results, indicating challenges in the online travel market. Such stock evaluations indicate analysts' strong responses to recent earnings from these tech and travel companies, reaffirming market expectations and concerns regarding growth trajectories. These strategic ratings from influential firms play a significant role in shaping investor sentiment within respective industries.