Lyft price target raised to $26 from $24 at Oppenheimer

Oppenheimer raised the firm’s price target on Lyft (LYFT) to $26 from $24 and keeps an Outperform rating on the shares. The firm notes strong execution is driving outperformance and profitability. Notably, underpenetrated markets drove 70% of the Q3 growth and are 2/3 of the 160B North America rides opportunity, representing a significant tailwind.