Lyft price target raised to $23 from $22 at Roth Capital

Roth Capital raised the firm’s price target on Lyft (LYFT) to $23 from $22 and keeps a Buy rating on the shares. The company reported generally better than expected/feared Q1 results and gave Q2 Gross Bookings EBITDA midpoint guide a tad bit above expectations, the analyst tells investors in a research note. Roth further notes that AV robotaxi catalysts are lining up for 2026 in Nashville, London, and Hamburg.