From Financial Modeling Prep: 2025-01-06 19:19:00

Benchmark analysts upgraded Lyft (NASDAQ:LYFT) to Buy from Hold, with a new price target of $20 per share. The upgrade reflects optimism around Lyft’s strategic initiatives and growth potential, positioning the company as a top idea for 2025. Lyft’s decision to reduce surge pricing and expand its Price Lock platform is expected to boost rider engagement and key metrics. Partnerships in traditional ride-hailing and autonomous vehicles (AV) are anticipated to drive near-term gains. Lyft’s Flexdrive platform is seen as crucial in navigating the evolving AV landscape. The company’s improving financial trajectory includes a free cash flow inflection and expected GAAP EPS growth. Transitioning from debt reduction to capital returns could attract new investors. Takeover rumors, while not factored into analysis, could support the stock’s valuation in the long term.



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