On June 24, Lyft rose 5.25% in regular trading, trading at $14.52/share, with turnover of $60.92 million.

On the news front, Rothschild&Co Redburn recently upgraded Lyft from Neutral to Buy, setting a price target of $22, implying over 50% upside from current levels. According to FactSet, Lyft carries an average analyst rating of Overweight with a mean price target of $18.90, reflecting broad Street optimism on the ridesharing platform.

The upgrade appears to be reinforcing positive sentiment alongside broader sector strength. Within the Passenger Ground Transportation sector, peer Uber gained 5.89% on the same session, suggesting a favorable macro backdrop for ridesharing names. Meanwhile, rental car companies diverged sharply, with Hertz Global Holdings down 27.37% and Avis Budget down 4.28%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)