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Lyft price target raised to $18 from $11 at Canaccord

Canaccord raised the firm’s price target on Lyft (LYFT) to $18 from $11 and keeps a Hold rating on the shares. The firm noted Waymo and Lyft announced a partnership intending to bring Waymo robotaxis to Nashville in 2026; a long-anticipated collaboration for Lyft investors, as the company sets its best foot forward to wrangle the autonomous robots set to potentially disrupt its business.

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