Wall Street Backs Lime's Parent Neutron Holdings Following IPO

Deep News
Jul 28

Goldman Sachs and JPMorgan, among other major institutions, are expressing positive views on Neutron Holdings, the parent company of the bike-sharing firm Lime, following its recent public debut earlier this month.

In a client note on Sunday, Goldman Sachs analyst Eric Sheridan issued a "buy" rating, stating that Lime is "well-positioned to benefit from several long-term structural tailwinds in the micro-mobility industry."

JPMorgan analyst Doug Anmuth initiated coverage with an "overweight" rating on Monday, citing "multiple growth levers" and "attractive unit economics." Anmuth pointed out that by one metric, the stock is trading at roughly a 32% discount to its peers, offering a compelling risk-reward profile.

Jefferies analyst John Colantuoni also announced a "buy" rating on Monday, noting that the company's valuation is "quite compelling." Colantuoni projects a 16% compound annual growth rate for revenue over the next three years.

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