Roth Capital analyst Rohit Kulkarni upgraded Lyft (LYFT) to Buy from Neutral with a price target of $19, up from $16. The company’s ridesharing performance indicators as well as EBITDA and free cash flow margins reached all-time highs, the analyst tells investors in a research note. The firm says Lyft’s Q3 guidance indicates accelerating growth as it integrates the Freenow acquisition and expands its presence overseas. Roth sees a “highly asymmetric investment opportunity” in the shares due to Lyft’s fundamental progress.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYFT:
- Lyft upgraded to Buy from Neutral at Roth Capital
- Lyft’s Market Position: Balancing Growth and Uncertainty Amidst AV Challenges
- Lyft’s Hold Rating: Balancing Strong Execution with Competitive Challenges and Strategic Partnerships
- Lyft Inc. Achieves Record Q2 2025 Financial Results
- Closing Bell Movers: DoorDash jumps 8%, Airbnb slips 6% on earnings