Lyft Teams Up with Waymo for Autonomous Ride-Hailing in Nashville
ByAinvest
Wednesday, Sep 17, 2025 12:24 pm ET1min read
LYFT--
Under the partnership, Lyft's Flexdrive subsidiary will manage Waymo's autonomous vehicle fleet in Nashville, providing end-to-end fleet management services including maintenance and charging infrastructure. Initially, Waymo’s autonomous vehicles can be hailed through the Waymo app, with plans to integrate these services on Lyft’s platform later in 2026.
The partnership is expected to create new opportunities for Lyft in the autonomous transportation market. Lyft's current analyst price targets and ratings are as follows: the consensus average price target is around $16.63 to $17.13, with the highest target at $28.00 and the lowest at $10.00 to $10.50. Out of approximately 30 to 36 analysts covering Lyft, the consensus rating is mostly "Hold," with some saying "Buy" and very few or no "Sell" ratings [1].
Waymo’s autonomous ride volume and fleet expansion are projected to increase significantly by 2026, with estimates suggesting Waymo could grow to around 800,000 weekly rides generating approximately $749 million in annual revenue. Lyft’s role in operating and managing the fleet will contribute to its revenue growth in 2026, as Lyft provides end-to-end fleet services for Waymo's autonomous vehicles in Nashville [1].
The collaboration marks a strategic shift for Waymo, which has previously partnered with Uber in cities like Austin and Atlanta. The Nashville expansion is part of Waymo's broader plan to scale its autonomous fleet, with future deployments planned for cities such as Miami, Washington, D.C., Dallas, and Denver [1].
The announcement also impacted Uber's stock, which fell 3.8%, highlighting the competitive pressure in the autonomous taxi sector [1].
Lyft has partnered with Waymo to offer autonomous ride-hailing in Nashville, starting in 2026. The partnership aims to bring a new level of convenience and safety to the city's transportation system. Lyft's shares have surged 25% in response to the announcement, highlighting the potential benefits of this collaboration. The partnership is expected to create new opportunities for the company in the autonomous transportation market.
Lyft Inc. (NASDAQ: LYFT) shares surged 25% to $22.69 following the announcement of a strategic partnership with Alphabet's Waymo to introduce fully autonomous ride-hailing services in Nashville starting in 2026. The collaboration aims to bring a new level of convenience and safety to the city's transportation system.Under the partnership, Lyft's Flexdrive subsidiary will manage Waymo's autonomous vehicle fleet in Nashville, providing end-to-end fleet management services including maintenance and charging infrastructure. Initially, Waymo’s autonomous vehicles can be hailed through the Waymo app, with plans to integrate these services on Lyft’s platform later in 2026.
The partnership is expected to create new opportunities for Lyft in the autonomous transportation market. Lyft's current analyst price targets and ratings are as follows: the consensus average price target is around $16.63 to $17.13, with the highest target at $28.00 and the lowest at $10.00 to $10.50. Out of approximately 30 to 36 analysts covering Lyft, the consensus rating is mostly "Hold," with some saying "Buy" and very few or no "Sell" ratings [1].
Waymo’s autonomous ride volume and fleet expansion are projected to increase significantly by 2026, with estimates suggesting Waymo could grow to around 800,000 weekly rides generating approximately $749 million in annual revenue. Lyft’s role in operating and managing the fleet will contribute to its revenue growth in 2026, as Lyft provides end-to-end fleet services for Waymo's autonomous vehicles in Nashville [1].
The collaboration marks a strategic shift for Waymo, which has previously partnered with Uber in cities like Austin and Atlanta. The Nashville expansion is part of Waymo's broader plan to scale its autonomous fleet, with future deployments planned for cities such as Miami, Washington, D.C., Dallas, and Denver [1].
The announcement also impacted Uber's stock, which fell 3.8%, highlighting the competitive pressure in the autonomous taxi sector [1].
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