Bernstein maintains Lyft’s $16 price target and Market Perform rating after discussions on autonomous vehicle integration and pricing power.
Bernstein SocGen Group retained its Market Perform rating and $16 price target for Lyft (NASDAQ:LYFT) following executive discussions on autonomous vehicles. The talks emphasized Lyft’s hybrid network strategy and pricing power as the technology expands among consumers.
DA Davidson recently lowered its price target for Lyft to $14.50 from $19, citing revised 2026 adjusted EBITDA expectations of $694.3 million, down from $714.9 million. The firm maintained a Neutral rating despite unchanged revenue forecasts for 2026.
Lyft operates a ridesharing marketplace in the U.S. and Canada, offering peer-to-peer rides, car rentals, and shared micromobility options. The company’s focus on autonomous vehicles aims to strengthen partnerships and network efficiency.