DA Davidson raised the firm’s price target on Lyft (LYFT) to $22 from $15.50 and keeps a Neutral rating on the shares. The company’s Q3 print and Q4 guide were solid, with gross bookings slightly ahead of consensus and adjusted EBITDA effectively inline with the Street for both, the analyst tells investors in a research note. Lyft appears well-positioned to deliver on its plan to accelerate gross bookings growth both globally and in the U.S. in 2026, the firm added.
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