TD Cowen raised the firm’s price target on Lyft (LYFT) to $30 from $22 and keeps a Buy rating on the shares. The firm raised their long-term estimates on recent positive CA insurance reforms; and they expect Lyft to pass through cost savings to the riders, which should drive higher CA ride volume in 2026. Also, the Lyft AV narrative is on the upswing with the recently announced Lyft/Waymo partnership in Nashville starting in 2026.
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