5 Best Stocks Under $15 to Buy Right Now

2. Lyft, Inc. (NASDAQ:LYFT)

Number of Hedge Fund Holders: 59

Share Price as of the Close of May 22: $13.90

On May 9, Canaccord lowered its price recommendation on Lyft, Inc. (NASDAQ:LYFT) to $15 from $16. It reiterated a Hold rating on the shares following the company’s Q1 report. The analyst said Lyft “faces a Herculean climb to reach its 2027 targets” and added that the “robotaxi revolution is a structural threat” to the company’s long-term profitability. Canaccord also cited the “disruptive nature” of Lyft’s transition toward robotaxis as the reason behind the target reduction.

On the same day, RBC Capital lowered its price goal on Lyft to $18 from $22. It kept an Outperform rating on the stock. The firm said the company’s first quarter was not its strongest, with critics likely to focus on slowing organic growth and rider promotions moving in the wrong direction. Even so, RBC noted that Lyft remains a double-digit grower with a path toward margin expansion.

Lyft, Inc. (NASDAQ:LYFT) is a multimodal transportation network operating in the United States and Canada. The company provides access to different transportation options through its platform and mobile applications.