Lyft (LYFT) PT Raised to $23 at BMO Capital

BMO Capital analyst Brian J. Pitz raised the price target on Lyft (NASDAQ: LYFT) to $23.00 (from $20.00) while maintaining a Market Perform rating.

The analyst comments "Mixed 3Q25 results, with Bookings slightly (<1%) above BMO/Street estimates of $4.76B/$4.74B, Revenue 3%/1% below our/Street expectations, and Adj. EBITDA in line with BMO and Street's $138M. 4Q25E Bookings guidance (mid-point) came in 1% above consensus, while Adj EBITDA of $145M (mid-point) was in line with Street. High-value modes and under-penetrated NA markets drove a significant portion of ride growth, which underpins our expectations for sustained top-line growth. New partnerships and FREENOW/TBR acquisitions are expected to drive further growth. Maintain Market Perform; increased Target Price to $23 from $20."

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