Trade Conquest

Subscribe Now

| GPRO 1.235 40.95% | LIDR 1.49 29.57% | PCG 14.245 7.35% | HKPD 0.1994 -40.17% | NVD 4.0599 3.31% | TSLL 9.3199 -6.52% | RITR 0.0912 -0.87% | NVDA 217.33 -1.56% | FLYE 2.13 56.62% | NIO 4.055 -4.14% | BITO 10.4001 -2.16% | RZLV 2.42 -16.26% | NU 14.475 -0.52% | INTC 88.62 -0.99% | PATH 18.125 -2.92% | AAL 12.98 -3.35% | ONDS 7.0699 -7.66% | SOXL 105.77 -6.22% | NOK 9.975 -1.63% | TQQQ 69 -4.06% | SPCX 143.3 -0.27% | IBIT 43.76 -2.04% | BIAF 6.83 49.78% | SOXS 52.18 6.45% | SQQQ 40.065 4.04% | SGOV 100.4049 -0.28% | AAPL 325.36 2.69% | HYG 79.09 -0.90% | PLUG 2.065 -4.40% | BTG 5.235 -4.47% | AIM 0.2348 3.89% | CDE 20.41 -1.78% | F 13.78 -1.15% | SOFI 17.085 -4.45% | QID 14.61 2.67% | GRAB 3.495 -1.27% | FRVO 19.81 28.80% | BMNR 23.34 -7.82% | ETHA 18.2599 -2.46% | NCPL 0.7755 8.37% | RIG 5.965 2.67% | TSLA 355.8209 -3.30% | PFE 28.525 0.23% | LQD 105.245 -0.91% | MIRA 0.8748 13.58% | EWZ 36.61 1.61% | IREN 36.93 -0.50% | SPDN 8.595 0.76% | SPY 760.98499 -0.79% | SSM 4.5 67.91%

Oppenheimer Boosts Lyft Price Target, Keeps Outperform Rating Unchanged

Oppenheimer raised its price target on Lyft (NASDAQ:LYFT) to $20 from $17, reiterating an Outperform rating. The new target reflects 12x 2026E EBITDA, which still implies a 27% discount to peers and 24% to Uber.

The firm believes robotaxi-related risks have subsided, noting Tesla’s limited launch in Austin underwhelmed both investors and users, undermining the bear case that autonomous vehicles would quickly disrupt the rideshare market.

With consumer demand and competitive dynamics stable, Oppenheimer sees a favorable 2Q and second-half outlook, pointing to potential upside to consensus estimates. Current Street projections of a 12% gross bookings CAGR through 2027 trail Lyft’s 15% internal target, reinforcing the analyst's bullish stance.

Published on: July 8, 2025

More news