Lyft price target raised to $14 from $12 at BofA

BofA raised the firm’s price target on Lyft (LYFT) to $14 from $12 and keeps an Underperform rating on the shares after the company and Alphabet’s (GOOG) (GOOGL) Waymo announced a partnership to expand AV services to Nashville in 2026. Waymo is a high-profile partner for Lyft, notes the analyst, who also points out that Waymo launches in 2025 were catalysts for Uber‘s (UBER) stock. However, the firm expects limited impact on Lyft’s volume growth as Waymo supply could be limited to start, the analyst added.