Bernstein raised the firm’s price target on Lyft (LYFT) to $23 from $22 and keeps a Market Perform rating on the shares. The firm cites a solid, relatively straightforward print from Lyft amid a turbulent earnings cycle. Its Q3 results and Q4/2026 commentary echoed the stable U.S. rideshare backdrop evident Uber‘s (UBER) Q3 print. Management’s tone on 2026 leaves Bernstein feeling modestly better about near-term growth, supported by CA insurance savings.
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