Lyft stock surges on Waymo autonomous ride-hailing partnership
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Morgan Stanley: 'we remind investors that Nashville is a small market for LYFT...near-term we do not expect this partnership to impact the financial model'
September 17, 2025 3:55 PM EDTMorgan Stanley analyst Brian Nowak reiterated an Equalweight rating and $20.50 price target on Lyft (NASDAQ: LYFT).
The analyst comments "What Happened? This morning, LYFT and Waymo announced a new, multi-year partnership to offer fully autonomous rideshare services in Nashville starting in 2026 (see here). Riders will have the opportunity to hail Waymo's first on the Waymo app (expect initial ramp to be methodical as vehicle... More
