TD Cowen Maintains 'Buy' Rating on Lyft, Inc. (LYFT) With $22 PT

Lyft, Inc. (NASDAQ:LYFT) is one of the 15 Stocks That Will Benefit From AI.

On August 19, 2025, TD Cowen reiterated its Buy rating and $22 price target for Lyft, Inc. (NASDAQ:LYFT), following the departure of co-founders Logan Green and John Zimmer from the board, completing a two-year leadership transition under CEO David Risher. On August 15, the firm highlighted Lyft’s elimination of its dual-class share structure, describing the action as “shareholder-friendly” and a vote of confidence in Risher’s leadership.

TD Cowen continues to rank Lyft, Inc. (NASDAQ:LYFT) as its “Best Smidcap Idea for ’25,” noting impending growth opportunities and a stronger governance structure. Analysts believe that the combination of strategic leadership changes and operational focus represents a new era of stability and growth for the ridesharing business.

Lyft, Inc. (NASDAQ:LYFT) operates a ridesharing marketplace in the United States and Canada, connecting drivers and customers and providing multimodal transportation alternatives such as car rentals, shared bikes, and scooters via its mobile app. It is on our list of the Best AI Stocks.

While we acknowledge the potential of LYFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Best Oil Refinery Stocks to Buy Right Now and 13 Hot Oil Stocks to Buy Now.

Disclosure: None.