Lyft price target raised to $25 from $19 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Lyft (LYFT) to $25 from $19 and keeps a Neutral rating on the shares. Lyft’s rides growth was strong at 15% in Q3 vs. 14% in Q2, including some inorganic contribution from FREENOW, the analyst tells investors in a research note. Lyft is making steady progress on key strategic priorities, which is helping the company achieve stable growth in the U.S. rideshare business, the firm says.