Lyft price target raised to $19 from $18 at Canaccord

Canaccord raised the firm’s price target on Lyft (LYFT) to $19 from $18 and keeps a Hold rating on the shares. The firm said its quarterly performance exceeded projections, with growth across most key metrics benefiting from the recent FREENOW acquisition. As the transaction was completed on July 31, 2025, they anticipate that the acquisition will continue to have a favorable influence on growth metrics throughout 2026.