Lyft Stock Surges 1.77% with $307 Million Trading Volume Ranking 312th

On June 5, 2025, Lyft's stock price surged by 1.77%, with a trading volume of $307 million, making it the 312th most traded stock of the day.

RBC Capital reiterated its "Outperform" rating for Lyft, maintaining a target price of $21.00. This rating was echoed by Royal Bank of Canada, which also set a $21.00 price target. The consensus rating from 38 Wall Street analysts over the past 12 months is "Hold," indicating a mixed outlook for the stock.

Brad Erickson, an analyst at RBC Capital, highlighted the importance of Austin and Atlanta markets for Lyft's performance. This focus on key markets suggests that the company's strategic initiatives in these regions could significantly impact its stock price.