10 Best Low Priced Technology Stocks to Buy According to Analysts

8. Lyft Inc. (NASDAQ:LYFT)

Market Capitalization as of December 29: $7.68 billion

Share Price as of December 29: $19.24

Number of Hedge Fund Holders: 51

Average Upside Potential as of December 29: 30.24%

Lyft Inc. (NASDAQ:LYFT) is one of the best low priced technology stocks to buy according to analysts. On December 19, Wedbush downgraded Lyft to Underperform from Neutral, while setting a price target of $16, which was brought down from $20. Wedbush identified Lyft as highly vulnerable to AV disruption due to its exclusive focus on the US ridesharing market and lack of a diversified business model. The firm also argued that Lyft’s long-term valuation is being overestimated, as current market projections fail to account for how AVs could negatively impact the company’s future terminal value.

Earlier on December 11, Jefferies also cut the firm’s price target on Lyft Inc. (NASDAQ:LYFT) to $22 from $23, while keeping a Hold rating on the shares. In the 2026 Internet Playbook note, the firm advised investors to remain selective with Internet stocks. The firm warned that rising operational investments may hinder profit margin growth, while fears that AI could bypass traditional platforms may prevent stock valuations from rising.

However, on December 9, Wells Fargo raised the firm’s price target on Lyft to $26 from $20 with an Equal Weight rating on the shares. The firm acknowledged that Lyft’s status as a specialized US rideshare operator allows it to benefit directly from a strong 2026 domestic market forecast. However, the firm remains on the sidelines because it believes that the company’s recent expansion into international assets will likely lower its overall growth rate and suppress its valuation multiple.

Lyft Inc. (NASDAQ:LYFT) operates a peer-to-peer marketplace for on-demand ridesharing in the US and Canada. The company operates multimodal transportation networks through the Lyft platform and mobile-based applications.