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Tigress Financial Boosts Lyft (LYFT) Price Target Following Record Q1 Performance

Tigress Financial’s Ivan Feinseth upgraded his price target for Lyft, Inc. (NASDAQ:LYFT) from $26 to $28 on May 21 and maintained a Buy rating. The analyst cited the company’s record-breaking Q1 2025 results and strategic initiatives as drivers for the upside.

Feinseth highlighted Lyft’s impressive Q1 2025 performance, which saw rides surge 16% to a record 218.4 million and active riders climb 11% to 24.2 million. The company generated $1.5 billion in revenue, up 14% year-over-year, while gross bookings reached $4.2 billion. This marked Lyft’s 16th consecutive quarter of double-digit gross bookings growth.

The analyst emphasized several growth catalysts driving his bullish outlook. Lyft recently launched its AI-powered Earnings Assistant, an industry-first tool helping drivers optimize their income through personalized guidance. The company also introduced Lyft Silver, targeting adults 65 and older. This demographic represents only 5% of current riders but is expected to reach 70 million Americans by 2030.

Lyft, Inc. is a mobility services company that operates a ride-hailing platform in the United States and Canada. It connects riders with drivers through its app and offers various ride options, including standard rides, shared rides, luxury rides (Lux, Lux Black), and larger vehicle rides (Lyft XL).

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