Tigress Financial Reiterates Buy Rating on LYFT

Tigress Financial has reiterated its buy rating on LYFT with a price target of $28. This update came on June 24, 2026, from analyst Ivan Feinseth. Shares of LYFT traded near $13.82 on Wednesday.

Other Institutional Activity in LYFT

Several major funds have been active in LYFT. BlackRock, Inc. significantly increased its holdings by 26,552,795 shares, ending with 49,000,870 shares valued at about $651.7 million, marking a 118.3% increase. Ameriprise Financial Inc. added 3,721,876 shares, bringing its total to 36,481,128 shares worth approximately $485.2 million, reflecting an 11.4% increase. Millennium Management LLC nearly doubled its position with an addition of 10,849,782 shares, now holding 21,765,114 shares valued at $289.5 million, a 99.4% increase. Vanguard Portfolio Management LLC opened a new position with 21,178,049 shares valued at $281.7 million. Meanwhile, FMR LLC trimmed its stake by 992,711 shares, holding 18,539,761 shares worth about $246.6 million, a 5.1% decrease.

Lyft, Inc. Stock Down 18.6%

LYFT shares traded near $13.82 on Wednesday. The stock has seen significant activity from institutional investors, suggesting varied market sentiments. The company's market performance is closely watched by analysts and investors alike.

Insider Buying and Selling at Lyft, Inc.

Several insiders at LYFT have been active in the market. On June 12, 2026, Erin Brewer, the Chief Financial Officer, sold 15,000 shares at an average price of $13.59 under a Rule 10b5-1 plan. Earlier in the month, on June 3, insiders Janey Whiteside, Jill Beggs, David Lawee, Deborah Hersman, and Dave Stephenson each bought 18,453 shares.

Analysts Set New Price Targets

On June 24, 2026, Tigress Financial maintained its buy rating on LYFT with a price target of $28. Other analysts, like DA Davidson, Canaccord Genuity, and JP Morgan, have maintained hold ratings with targets ranging from $14.5 to $18. RBC Capital also maintained a buy rating with an $18 target. The consensus among analysts is mixed, with a recommendation key leaning towards hold and an average target price of around $17, based on multiple opinions.

About LYFT

LYFT is a well-known ride-sharing company based in the United States. The company offers a mobile app that connects passengers with drivers of vehicles for hire and ridesharing services. LYFT is headquartered in San Francisco and has been a significant player in the transportation sector, competing with other major ride-sharing companies.

Bottom Line

Tigress Financial's reiteration of a buy rating with a $28 target for LYFT highlights ongoing interest in the company's potential. Institutional activity shows varied investor confidence, with some funds increasing their stakes significantly. Insider trading activity also reflects strategic financial moves within the company. Investors will continue to watch LYFT's performance closely, especially given the mixed analyst ratings.