Lyft's stock dropped about 25% last year despite the company posting record quarterly results. TD Cowen analyst John Blackledge is bullish, forecasting an 85% upside to $30 per share, driven by expected insurance reform in California, market share stabilization against Uber, and margin expansion through cost control. Lyft's second-quarter revenue beat estimates, and the company has been buying back stock, signaling confidence. However, most analysts remain cautious, with a consensus price target implying a more modest 20% upside. Investors should watch upcoming earnings reports for margin progress and insurance reform developments.
Lyft trades at USD 16.25 on Pluang as of Oct 12, 2026 19:41 WIB, up 0.18% for the day. Its market cap stands at $6.14 billion, below its 52-week high of $24.57. Uber, a key competitor, is priced at USD 70.80, down 0.99% on the same day, with a market cap of $146.06 billion.
