Lyft’s stock saw a 5% increase after announcing a strategic partnership with Curb, allowing riders to connect to Curb’s taxi network. Analysts raised price targets following a positive third-quarter earnings report, with Mizuho’s Lloyd Walmsley increasing Lyft’s fair-value assessment to $27 per share. Lyft predicts a 17% year-over-year rise in gross bookings for the fourth quarter.

While Lyft’s recent developments are positive, uncertainties about the long-term viability of the rideshare industry linger due to the potential widespread use of autonomous vehicles. The Motley Fool’s Stock Advisor team did not include Lyft in their top 10 stock picks, emphasizing the importance of considering other investment options for potential higher returns.

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Read more at Nasdaq: Why Lyft Stock Cruised to a 5% Gain This Week