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Why Shares of Lyft Are Soaring This Week


Since the close of trading last Friday, shares of the ride-hailing company (NASDAQ: LYFT) have traded nearly 19% higher as of 11:34 a.m. ET Friday. During the week, Lyft announced a partnership with the autonomous vehicle maker Waymo, received several price target increases from Wall Street analysts, and got some potentially good news on the legislative front in California.

Earlier this week, Lyft announced a partnership with Waymo for the company's upcoming Nashville launch. By 2026, riders will be able to hail Waymo vehicles through the Lyft app. Additionally, a subsidiary of Lyft will manage Waymo's Nashville fleet, including vehicle maintenance, infrastructure, and depot operations. Waymo has long been partnered with Lyft's rival , so this shows that Lyft may also be able to tap into the autonomous trade, which has driven Uber's stock to all-time highs this year.

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Source Fool.com

Uber Technologies Inc Aktie

62,22 €
1,95 %
Heute zeigt Uber Technologies Inc einen mittleren Kursanstieg von 1,95 %.
Die Community zeigt großes Interesse an Uber Technologies Inc mit vielen Buy- und wenigen Sell-Einschätzungen.
Für Uber Technologies Inc sieht die Community ein Kursziel von 92 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 62.22 € bedeutet.
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