From Yahoo Finance: 2025-06-05 15:24:00

Bank of America Securities analyst Mike McGovern maintained a Sell rating on Lyft Inc. (NASDAQ: LYFT) with a price target of $12. Despite positive operating metrics, concerns about rising competition from autonomous vehicle platforms like Waymo and Tesla persist, potentially impacting Lyft’s market share.

McGovern highlights Lyft’s weak partnerships in comparison to competitors, impacting its ability to differentiate in a technology-driven environment. While the company has made operational improvements and introduced innovative products, the threat of autonomous vehicle disruption remains a key concern, supporting the Sell rating.

Lyft Inc. is a transportation technology company offering ridesharing services in the US and Canada, along with bike and scooter rentals, car rentals for drivers, and access to autonomous vehicle services. The company faces challenges in maintaining a competitive edge in the evolving transportation industry.

Although Lyft presents investment potential, other AI stocks may offer higher returns with less downside risk. For investors seeking a cheap AI stock with potential benefits from Trump tariffs and onshoring, alternative options may provide a more promising opportunity. No specific recommendations are made in the article.



Read more at Yahoo Finance: BofA Still Sees Trouble on the Road for Lyft (LYFT)