Oppenheimer bullish on Lyft, initiates with an Outperform

As previously reported, Oppenheimer initiated coverage of Lyft (LYFT) with an Outperform rating and $15 price target The firm expects rideshare will continue to challenge the rising cost of car ownership, sustaining double-digit growth for multiple marketplaces. Robotaxi technology’s ability to lower fares over time represents further upside, Oppenheimer adds. At 9-turns its reduced 2025 estimates, Lyft would seem to be pricing in the tariff effect. The firm’s proprietary survey of 1,000 consumers supports its overall positive view.