Lyft (LYFT) To Launch Rideshare Service for Teenagers

Lyft Inc. (NASDAQ:LYFT) is one of the most undervalued stocks to buy and hold for 5 years. On January 27, Bloomberg reported that Lyft Inc. (NASDAQ:LYFT) is attempting to launch a rideshare service for teenagers. Lyft Teen, which mirrors a similar service debuted by rival Uber in 2023, will match teenage passengers with highly rated drivers and include several safety features, such as PIN authentication, audio recording during trips, and parental supervision of their teen’s ride, among others. Before the anticipated launch of Lyft Teen, Lyft Inc. (NASDAQ:LYFT) had prohibited teens from ridesharing on its platform without an accompanying adult, in contrast to Uber, which had allowed users aged 13-17 to use its rideshare service over the past three years.

Meanwhile, on January 22, TD Cowen reaffirmed its Buy rating on Lyft Inc. (NASDAQ:LYFT) and set a $32 price target, citing projections for double-digit revenue and bookings growth for the company following its acquisition of Freenow in July 2025.

Lyft Inc. (NASDAQ:LYFT) operates a peer-to-peer ridesharing marketplace in the U.S. and Canada. Its platform provides a ridesharing marketplace that connects drivers with riders, a car rental program for drivers, and a network of shared bikes and scooters in various cities to meet riders’ needs for short trips.

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: 10 Most Undervalued Stocks to Buy and Hold for 5 Years and 14 Best Tech Stocks Under $10 to Buy

Disclosure: None. This article is originally published at Insider Monkey.