Lyft's Trading Volume Surges 33.42% to $293 Million, Ranked 284th in Daily Volume

On June 24, 2025, Lyft's trading volume reached $293 million, marking a 33.42% increase from the previous day. This surge placed Lyft at the 284th position in terms of trading volume for the day. Lyft's stock price rose by 6.02%, marking its second consecutive day of gains, with a total increase of 9.08% over the past two days.

TD Cowen has upgraded Lyft's rating from "hold" to "buy," setting a new price target of $21. This upgrade reflects the firm's increased confidence in Lyft's potential, citing several catalysts that could drive further gains for the company. The new price target suggests a potential 34% upside from the current stock price.

John Blackledge, the analyst responsible for the upgrade, has raised the price target for Lyft from $16.00 to $21.00, marking a significant increase of 31.25%. TD Cowen has also highlighted Lyft as its "Best Smidcap Idea" for 2025, indicating strong optimism about the company's future prospects.

Lyft, Inc. operates as a multimodal transportation network in the United States and Canada, offering a variety of transportation options through its platform and mobile-based applications. The Lyft Platform provides a marketplace where drivers can be matched with riders via the Lyft App, operating as a transportation network company. The company's transportation options include its ridesharing marketplace, a network of bikes and scooters, and the Express Drive program, which allows drivers to enter into short-term rental agreements for vehicles used to provide ridesharing services on the Lyft Platform. Additionally, Lyft makes its ridesharing marketplace available to organizations through Lyft Business offerings, such as the Concierge and Lyft Pass programs.