Lyft Stock Gets an Upgrade. Why Competition in the AV Market Is No Problem. - Barron's
1. Analyst upgraded Lyft from Hold to Buy, expecting significant growth. 2. Price target increased from $16 to $21, suggesting 34% upside. 3. Lyft plans to roll out AVs this summer in Atlanta. 4. Competition from Tesla and Uber intensifies but may expand market demand. 5. Lyft on track for $25 billion in bookings by 2027 and GAAP profitability.