Lyft's AV Plans, Rider Increase, Ads Drive Fuel Up To 70% Upside: Analyst

Tigress Financial analyst Ivan Feinseth maintained Lyft LYFT with a Buy and raised the price target from $26 to$28 on Wednesday.Feinseth noted that Lyft reported a record start to the year, driven by its multifaceted strategy focused on service quality, innovation, and market expansion. This strategy drove records in active rides, riders, driver hours, and gross bookings, driven by strong service demand in both commuting and weekend travel.Lyft reported first-quarter revenue increased 14% to $1.5 billion. ...