BUZZ-Lyft rises as Benchmark upgrades to 'buy'

Shares of ride-hail platform Lyft LYFT.O jump 5.5% to $15.06 in premarket trading

Brokerage Benchmark upgrades stock rating to "buy" from "hold"

Brokerage says co's Flexdrive platform is particularly well-suited to allow them to be an autonomous vehicle (AV) participant regardless of how the market evolves

"Lyft is just getting started with their expansion via partnerships, both on the traditional and AV fronts, with prior partnerships also likely to produce near-term upside to metrics" - Benchmark

16 of 48 brokerages rate the stock "buy" and 32 "hold"; their median PT is $19

Stock had risen 10.6% in 2024

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))