Roth Capital maintains Neutral on Lyft with medium-term positive bias

Roth Capital analyst Rohit Kulkarni is tweaking lower its model assumptions in the second half of 2025 for Lyft (LYFT). The firm maintains a modestly constructive bias on Lyft amid ongoing volatility, supported by recent intra-quarter developments including stable pricing trends, AV testing progress, and geographic expansion. However, uncertainty around market share shifts to Alphabet’s (GOOG) (GOOGL) Waymo and potential rider attrition following the Delta partnership loss could weigh on near-term fundamentals and KPIs. Roth has a Neutral rating and a price target of $16 on Lyft’s shares with a medium-term positive bias.