TD Cowen Maintains ‘Buy’ Rating on Lyft, Inc. (LYFT) With $22 PT

Lyft, Inc. (NASDAQ:LYFT) is one of the 15 Stocks That Will Benefit From AI.

On August 19, 2025, TD Cowen reiterated its Buy rating and $22 price target for Lyft, Inc. (NASDAQ:LYFT), following the departure of co-founders Logan Green and John Zimmer from the board, completing a two-year leadership transition under CEO David Risher. On August 15, the firm highlighted Lyft’s elimination of its dual-class share structure, describing the action as “shareholder-friendly” and a vote of confidence in Risher’s leadership.

TD Cowen continues to rank Lyft, Inc. (NASDAQ:LYFT) as its “Best Smidcap Idea for ’25,” noting impending growth opportunities and a stronger governance structure. Analysts believe that the combination of strategic leadership changes and operational focus represents a new era of stability and growth for the ridesharing business.

Lyft, Inc. (NASDAQ:LYFT) operates a ridesharing marketplace in the United States and Canada, connecting drivers and customers and providing multimodal transportation alternatives such as car rentals, shared bikes, and scooters via its mobile app. It is on our list of the Best AI Stocks.

While we acknowledge the potential of LYFT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LYFT and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.