Bernstein Maintains Rating on Lyft (LYFT) Following Autonomous Vehicle Discussions
Key takeaways
- Bernstein Maintains Rating on Lyft (LYFT) Following Autonomous Vehicle Discussions Sheryar Siddiq Tue, June 2, 2026 at 4:38 PM GMT+7 2 min read LYFT Lyft Inc.
- (NASDAQ:LYFT) revenue forecast for 2026 stayed mostly unchanged.
- Meanwhile, on May 14, Bernstein SocGen Group maintained its Market Perform rating and $16 price target for Lyft Inc.
Bernstein Maintains Rating on Lyft (LYFT) Following Autonomous Vehicle Discussions Sheryar Siddiq Tue, June 2, 2026 at 4:38 PM GMT+7 2 min read LYFT Lyft Inc. (NASDAQ:LYFT) ranks among the best short squeeze stocks to invest in. On May 15, DA Davidson reduced its price target for Lyft Inc. (NASDAQ:LYFT) to $14.50 from $19, retaining a Neutral rating on the company. The firm revised its financial model for the company following first-quarter fiscal 2026 earnings, which were released on May 7.
DA Davidson’s Lyft Inc. (NASDAQ:LYFT) revenue forecast for 2026 stayed mostly unchanged. That said, the firm reduced its 2026 adjusted EBITDA expectation to $694.3 million from $714.9 million due to revisions to operating expense modeling for the latter half of the year.
Meanwhile, on May 14, Bernstein SocGen Group maintained its Market Perform rating and $16 price target for Lyft Inc. (NASDAQ:LYFT) following talks with the company’s executives. The talks focused on autonomous vehicles and Lyft’s position and pricing power as the technology spreads among consumers.