On August 20, Lyft, Inc. rose 5.11% in regular trading, reaching $17.795 per share with turnover of $129 million. The rally was driven by broad ride-hailing sector strength and multiple analyst target price increases following strong Q2 results.

Industry leader Uber gained 6.17% in the same session, lifting the ride-hailing sector overall. Post-Q2 earnings, RBC Capital raised its target price to $20 from $18 while maintaining an Outperform rating, UBS lifted its target to $17 from $16, and Rothschild upgraded Lyft to Buy with a $22 target. RBC highlighted Q2 rides acceleration of 330 basis points, with San Francisco rides growing approximately 20%, supporting the thesis that autonomous vehicles expand the overall market rather than displacing demand.

Lyft reported Q2 gross bookings up 23% year-over-year to $5.5 billion and record active riders of 30.5 million. Growth catalysts include partner channel expansion, international markets via Freenow, premium ride offerings, and record airport activity during the FIFA World Cup.

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