Bernstein Maintains Rating on Lyft (LYFT) Following Autonomous Vehicle Discussions

Lyft Inc. (NASDAQ:LYFT) ranks among the best short squeeze stocks to invest in. On May 15, DA Davidson reduced its price target for Lyft Inc. (NASDAQ:LYFT) to $14.50 from $19, retaining a Neutral rating on the company. The firm revised its financial model for the company following first-quarter fiscal 2026 earnings, which were released on May 7.

Lyft

DA Davidson’s Lyft Inc. (NASDAQ:LYFT) revenue forecast for 2026 stayed mostly unchanged. That said, the firm reduced its 2026 adjusted EBITDA expectation to $694.3 million from $714.9 million due to revisions to operating expense modeling for the latter half of the year.

Meanwhile, on May 14, Bernstein SocGen Group maintained its Market Perform rating and $16 price target for Lyft Inc. (NASDAQ:LYFT) following talks with the company’s executives. The talks focused on autonomous vehicles and Lyft’s position and pricing power as the technology spreads among consumers.

The company’s management highlighted the advantages of a hybrid network and stated that its approach centers on developing closer ties with a smaller group of partners.

Lyft Inc. (NASDAQ:LYFT) operates a peer-to-peer ridesharing marketplace in the U.S. and Canada. Its platform provides a ridesharing marketplace that connects drivers with riders, a car rental program for drivers, and a network of shared bikes and scooters in various cities to meet riders’ needs for short trips.

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