Lyft’s Strategic Partnerships and Financial Projections Drive Buy Rating and Increased Price Target
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Thomas Champion has issued a Buy rating for Lyft, citing strategic partnerships and positive financial projections. Notably, Lyft's collaboration with Waymo to launch an autonomous ride-hailing service in Nashville by 2026 enhances its position in the AV market. Champion also highlights improved revenue and EBITDA estimates, with a new price target raised from $20 to $28. Roth MKM also maintains a Buy rating with a $24 target. Champion has a 9.4% average return and a 56.99% success rate on stock recommendations.
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