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Benzinga
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Lyft's AV Plans, Rider Increase, Ads Drive Fuel Up To 70% Upside: Analyst

1. Tigress Financial maintains Lyft's Buy rating and raises target from $26 to $28. 2. Lyft reports record growth in riders, rides, and revenue in Q1. 3. Targeting seniors, Lyft launches Lyft Silver for older adults, a key demographic. 4. Lyft plans $750 million in share buybacks to enhance shareholder value. 5. Expansion in autonomous rides and international markets as key growth strategies.

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FAQ

Why Bullish?

Analyst's price target upgrade and strong Q1 results suggest positive trajectory.

How important is it?

Strong financial performance, strategic initiatives suggest significant positive impact on stock.

Why Long Term?

Growth from new initiatives and market expansion expected to yield results over time.

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