$LYFT

Lyft's Freenow and Baidu's Apollo Go unveiled the RT6 autonomous vehicle in London, aiming to launch a driverless taxi service by 2027. Testing with safety drivers began this summer, with plans for fully autonomous operation next year. According to the companies, commercial service is expected to start in 2027.

Gridwise reports that LA ride-hailing drivers' work hours and quarterly pay declined 17.8% and 14.7% respectively between Q2 2024 and Q2 2026, coinciding with Waymo's entry. Pay per trip and hour increased, while cities without autonomous vehicles saw gains. Waymo's presence may impact Uber and Lyft, with Uber planning autonomous vehicle partnerships.

TD Cowen kept a Buy rating on Lyft with a $26 price target, suggesting a 50.7% upside from its Oct 20 close. The firm cited strong growth prospects, including a 17.7% year-over-year increase in gross bookings for FY26, and improving profitability metrics, with EBITDA expected to reach $710.2 million in FY26.

Lyft plans to launch Alcove, a global luxury chauffeur service, in early 2027, integrating TBR Global Chauffeuring's network. The platform will target corporate travelers, offering premium transportation and booking services across six continents. Alcove aims to simplify reservations and improve trip visibility for corporate clients, with a dedicated portal and mobile app planned for later in 2027.

Cantor Fitzgerald reduced its price target for Lyft (LYFT) to $15 from $17, citing growth deceleration. The stock trades at $16.82 with a P/E ratio of 2.3. Analysts have mixed views on Lyft's future, with some highlighting growth drivers and others expressing concerns over competition and Waymo deployments.

Analysts updated price targets for several companies. Bernstein raised Microsoft's target to $662, maintaining an Outperform rating. Morgan Stanley increased Global-E Online's target to $50 and upgraded it to Overweight. Other notable changes include Truist Financial, Annexon, Ameriprise Financial, Lyft, A O Smith, Hudson Pacific Properties, Boyd Gaming, and Veradermics.

Green SM launched a ride-hailing service in Los Angeles with 500 company-owned VinFast VF8 electric SUVs and employee drivers, challenging Uber and Lyft. The service offers discounts to new users and plans to expand. VinFast reported 389 US vehicle registrations in early 2026, per S&P Global Mobility data.

Lyft agreed to a $272.5M settlement with California's Labor Commissioner's Office to resolve claims of misclassifying drivers as independent contractors. The settlement, the largest of its kind in state history, addresses alleged wage violations from 2016 to 2020. 87% of the funds will go to drivers, according to the LCO.

Lyft (LYFT) will release Q3 2026 financial results on Nov 5, 2026, followed by a conference call. The company will discuss results and business highlights. Lyft provides various mobility services globally.

The Amplify Online Retail ETF (IBUY) rose 3.14% in October as of the 14th, driven by gains in key holdings like FIGS, Etsy, Maplebear, Chewy, and Lyft. The ETF declined 3.64% in Q3, but e-commerce growth and AI tools support its outlook. U.S. e-commerce sales grew 12.2% YoY in Q2, per Census Bureau data.