Lyft Inc. (NASDAQ:LYFT) posted strong third-quarter results, underscoring improvement in execution and operational discipline.J.P. Morgan analysts, led by Doug Anmuth, raised their price forecast for LYFT to $22 from $16 while maintaining a Neutral rating.The firm noted that Lyft crossed the $1 billion free cash flow mark for the first time, underscoring improved execution and disciplined cost control.Also Read: Can Lyft’s Waymo Deal Really Change The Ride-Hailing Game?Management expects continued growth in 2026, supported by new partnerships with United Airlines (NASDAQ:UAL) and Freenow, as well as contributions from the recent TBR acquisition.Lyft’s third-quarter gross bookings rose 16% year-over-year to $4.78 billion, near the high end of guidance. Rides grew 15%, fueled by an 18% increase in active riders and double-digit driver-hour growth, analysts noted.For the fourth quarter, the company guided to $5.01-$5.13 billion in gross bookings, implying 17-20% year-on-year ...Full story available on Benzinga.com
Lyft Remains A 'Show-Me' Story, Analysts Press For Execution
