Lyft Launches Teen Ridesharing Service to Expand Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 29 Jan 26
Source: seekingalpha
Lyft Inc. shares rose by 5.00% as the stock crossed above the 5-day SMA, indicating positive momentum despite broader market weakness. The company announced the launch of Lyft Teen, a ridesharing service tailored for teenagers aged 13 to 17, aimed at enhancing safety and expanding its market reach. This service will include features such as parental management tools and safety measures like PIN authentication and automatic audio recording, reflecting Lyft's strategic shift to capture a new demographic and enhance user trust.
Analyst Views on LYFT
Wall Street analysts forecast LYFT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LYFT is 24.06 USD with a low forecast of 16.00 USD and a high forecast of 32.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
29 Analyst Rating
7 Buy
20 Hold
2 Sell
Hold
Current: 17.200
Low
16.00
Averages
24.06
High
32.00
Current: 17.200
Low
16.00
Averages
24.06
High
32.00
About LYFT
Lyft, Inc. is a global mobility platform offering rideshare, taxis, private hire vehicles, car sharing, bikes, and scooters across North America and Europe. It operates across 11 countries and in nearly 1,000 cities, and Lyft Urban Solutions supports bike sharing in 16 countries and more than 86 cities. Its Lyft mobile application (the Lyft App) connects riders with drivers for on-demand ride services and supports a variety of other multimodal mobility solutions. Its offerings on the Lyft App include an expanded set of transportation modes in select cities, such as access to a network of shared bikes and scooters (Light Vehicles) for shorter rides and first-mile and last-mile legs of multimodal trips. FREENOW by Lyft is the European taxi app featuring broad multi-mobility options. Through FREENOW, passengers can access various mobility services within a single app, including taxis, private hire vehicles, car sharing, car rental, e-scooters, e-bikes, e-mopeds, and public transport.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
