Needham analyst Bernie McTernan has reiterated their neutral stance on LYFT stock, giving a Hold rating today.
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Bernie McTernan has given his Hold rating due to a combination of factors related to Lyft’s recent financial performance and future projections. Following the third-quarter results, McTernan adjusted his expectations for Lyft’s adjusted EBITDA for the second half of 2025, lowering them, but maintained his estimates for 2026. This decision was influenced by an anticipated 16% growth in bookings for 2026, with a slight acceleration in North America.
Despite these positive projections, McTernan remains cautious, as the company’s management has demonstrated the ability to innovate with new products, which could drive bookings growth. However, the focus on interpenetrated cities and partnerships, while promising, does not yet warrant a more optimistic rating. Additionally, while Lyft’s free cash flow conversion targets suggest potential for significant value over time, the current outlook supports a Hold rating as the company continues to navigate its growth trajectory.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $20.00 price target.