Uber, Lyft initiated with a Buy at BTIG.

BTIG analyst Walter Piecyk initiated Uber (UBER) and Lyft (LYFT) with Buy ratings and respective price targets of $80 and $77. The analyst expects the autonomous vehicle technology to begin positively impacting the companies' results within the next 5 years, saying the two firms are well positioned to benefit from this disruptive force that will impact multiple industries over the coming 10-20 years. Piecyk also believes that both Uber and Lyft will reach positive EBITDA in 2024, though it will require both of them to double their subscriber base. The analyst adds that he prefers Uber to Lyft thanks to its "leading market share, global scale,and willingness to leverage its platform across multiple industry categories."