TD Cowen analyst John Blackledge has reiterated their bullish stance on LYFT stock, giving a Buy rating on October 8.
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John Blackledge has given his Buy rating due to a combination of factors including Lyft’s strategic initiatives and growth prospects. The company is well-positioned with multiple growth levers, particularly as management continues to execute on strategic initiatives such as improved service levels and new product offerings. Additionally, Lyft’s international expansion efforts, including the acquisition of Freenow and ongoing efforts in Canada, are expected to contribute positively to its growth.
Furthermore, Lyft’s recent partnerships, such as the one with Waymo in Nashville, are seen as beneficial for the company’s future prospects. The forecasted revenue growth and gross bookings acceleration, driven by strong rider demand and increased engagement, also support the Buy rating. Investors are expected to focus on rideshare trends and margin trends as Lyft reports its 3Q25 results, with an emphasis on the company’s ability to maintain its growth trajectory.