BMO Capital Reiterates Market Perform Rating on Lyft (LYFT)

BMO Capital analyst Brian J. Pitz reiterated a Market Perform rating and $23.00 price target on Lyft (NASDAQ: LYFT).

The analyst comments "LYFT reported Bookings on top of Street expectations of $5.07B, Revenue a touch above consensus (albeit adjusted for 1x legal/regulatory reserves contra-revenue), and Adj. EBITDA 5% ahead of Street's $147M. 1Q26E Bookings guidance (mid-point) was on top of consensus, but Adj EBITDA of $130M (mid-point) came in $10M below the Street. Record-high Active Riders drove 19% YoY Bookings growth while operational discipline drove 240bps margin expansion. Business travel, partnerships, and high-value modes are expected to drive further growth. Maintain Market Perform and $23 Target Price."

For an analyst ratings summary and ratings history on Lyft click here. For more ratings news on Lyft click here.

Shares of Lyft closed at $16.85 yesterday.

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