Does Lyft (LYFT) have what it takes to be a top stock pick for momentum investors? Let's find out.
I rate Lyft a Strong Buy, with a justified share price target of $25–$30, reflecting at least 25–30% potential upside. LYFT has transformed from a cash-burning growth story to a profitable, innovative company, posting record cash flow and its first GAAP profit. Expansion into Europe, strategic partnerships, and leadership in product innovation position LYFT for global growth in the Mobility on Demand sector.
Lyft (LYFT) shares soared Wednesday after the ridesharing firm and Google's Waymo announced a partnership to launch a robotaxi service in Nashville starting next year.
Lyft and Waymo are partnering to bring self-driving taxis to Nashville in 2026, in a deal that will allow customers to request driverless rides on both companies' platforms. Lyft CEO David Risher discussed why the company is taking the partnership route in autonomous driving on “Bloomberg Tech.
Lyft Inc. (LYFT) hit the gas on a new partnership with Alphabet's (GOOGL) Waymo. The company will help build out Waymo services and add its services onto the Lyft app later in 2026.
Lyft Inc (NASDAQ:LYFT) shares popped after it announced a partnership with Waymo to introduce fully autonomous ride-hailing services in Nashville starting in 2026. Under the agreement, Lyft's Flexdrive division will oversee management of Waymo's autonomous vehicle fleet, including maintenance, charging infrastructure, and depot operations.
September is usually a bad month, but maybe not this year
LYFT rides on robust demand, upward estimate revisions and strategic partnerships to fuel growth and boost shares.
A recent single-day stock gain of over 8%, coupled with a noticeable spike in bullish options activity, may be signaling more than just a simple market rally.
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Here is how Lyft (LYFT) and DHI Group (DHX) have performed compared to their sector so far this year.
After reaching an important support level, Lyft (LYFT) could be a good stock pick from a technical perspective. LYFT surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.