Lyft Shares Surge 13.1%: Is the Partnership with Waymo the Key to Further Gains?

Lyft's (LYFT) shares surged 13.1% to $22.84 due to a partnership with Alphabet's (GOOGL) Waymo to launch a fully autonomous ride-hailing service in Nashville in 2026. The company is expected to post quarterly earnings of $0.30 per share and $1.72 billion in revenue. Despite unchanged EPS estimate revisions, Lyft carries a Zacks Rank of #2 (Buy).

Lyft's (NASDAQ: LYFT) shares surged 13.1% to $22.84 on September 12, 2025, following a strategic partnership with Alphabet's (GOOGL) Waymo to launch a fully autonomous ride-hailing service in Nashville in 2026. This announcement comes on the heels of Lyft reporting $1.59 billion in revenue for the last quarter, missing expectations but showing a 10.6% year-over-year increase in revenue Sivia Capital Partners LLC Acquires Shares of 29,844 Lyft, Inc. $LYFT^[1].

The partnership with Waymo is a significant move for Lyft, as it aims to leverage Waymo's advanced autonomous vehicle technology. Waymo, a subsidiary of Alphabet, has been a pioneer in the field of autonomous driving and has already transported paying passengers in several markets. Lyft's collaboration with Waymo is expected to enhance its competitive edge in the ride-sharing market, particularly in areas where autonomous driving technology is being increasingly adopted.

Lyft's CEO, John David Risher, has been actively pursuing partnerships to bolster the company's autonomous driving capabilities. The company's recent deal with May Mobility for self-driving Toyota Sienna minivans in Atlanta is another example of this strategy. Additionally, Lyft has partnered with Baidu for a European pilot program, indicating a broader effort to integrate autonomous technology into its services Lyft Is Behind Uber In The Autonomous Taxi Race. Waymo ...^[2].

Despite the positive developments, Lyft's stock has been volatile. The company's shares have seen significant fluctuations over the past year, with a 1-year low of $9.66 and a 1-year high of $23.50. The company's market capitalization stands at $9.28 billion, with a price-to-earnings ratio of 95.17 and a price-to-earnings-growth ratio of 3.16 Sivia Capital Partners LLC Acquires Shares of 29,844 Lyft, Inc. $LYFT^[1].

Investors and analysts are optimistic about Lyft's future prospects. The company is expected to post quarterly earnings of $0.30 per share and $1.72 billion in revenue for the current quarter. While the earnings per share (EPS) estimate has remained unchanged, the company carries a Zacks Rank of #2 (Buy), suggesting a positive outlook among analysts Sivia Capital Partners LLC Acquires Shares of 29,844 Lyft, Inc. $LYFT^[1].

In summary, Lyft's partnership with Waymo and its optimistic earnings outlook have contributed to the recent surge in its stock price. The company's strategic moves to integrate advanced autonomous technology into its services are aimed at staying competitive in the dynamic ride-sharing market. As Lyft continues to execute on its partnerships and technological advancements, investors will be closely monitoring its progress.