Lyft's Trading Volume Drops 46% to $214 Million Ranking 449th in Market Activity

Generated by AI AgentAinvest Volume Radar
Wednesday, Jun 25, 2025 7:58 pm ET1min read

On June 25, 2025, Lyft's trading volume reached $214 million, a 46% decrease from the previous day, ranking 449th in the day's stock market activity. Lyft's stock price fell by 1.89%.

TD Cowen, a prominent investment firm, has upgraded Lyft's stock rating from Hold to Buy, setting a new price target of $21. This upgrade reflects the firm's increased confidence in Lyft's growth potential. John Blackledge, a top analyst at TD Cowen, highlighted several growth levers for

, including international expansion and a refocus on tier 2 cities. Blackledge noted that Lyft's business in Charlotte and Indianapolis grew over 30% year-over-year in the first quarter of 2025. He also mentioned the acquisition of European mobility app FREENOW, which is expected to boost gross bookings by about 1 billion euros annually following its completion. Additionally, Blackledge highlighted Lyft's product innovation, such as the Price Lock feature, and strategic partnerships, including the deal. He also noted management's strong execution and the potential for autonomous vehicles to expand the rideshare total addressable market over the long term.

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