Lyft upgraded to Buy with $20 price target, citing growth potential and strategic decisions.

From Investing.com: 2025-01-06 10:15:01

Benchmark analysts upgraded Lyft from Hold to Buy with a $20 price target, citing growth potential despite competition from Tesla and Waymo. They highlight Lyft’s strategic decisions to reduce surge pricing and expand partnerships in traditional and autonomous vehicle fronts. The firm sees Lyft’s domestic focus and smaller market share as advantages over Uber. Lyft’s Flexdrive platform and improving financials are also noted as key assets. Benchmark expects positive fourth-quarter performance to further boost Lyft’s momentum.



Read more at Investing.com: Lyft raised to buy at Benchmark on ‘significant optionality’ By Investing.com