Goldman Sachs, Morgan Stanley and other institutions are optimistic about Neutron Holdings, the parent company of the shared bicycle company Lime
After bike-sharing company Lime went public earlier this month, many Wall Street institutions expressed optimism about its parent company, Neutron Holdings. Analyst Eric Sheridan issued a buy rating in a note to clients on Sunday. He said Lime "actively benefits from a number of long-term structural positive trends in the micromobility industry." Analyst Doug Anmuth issued an Overweight rating on Monday, citing "multiple growth levers" and "attractive unit economics." Anmuth said that by one metric, the stock trades at a discount of about 32% to peers, with an attractive risk-reward ratio. Jefferies analyst John Colantoni noted that the company's valuation is "attractive" when he announced his buy rating on Monday. Colantoni predicts that the compound annual growth rate of revenue will reach 16% in the next three years.