Lyft (LYFT) To Launch Rideshare Service for Teenagers

Core Viewpoint - Lyft Inc. is considered one of the most undervalued stocks, with a potential for significant growth over the next five years, particularly with the launch of its new rideshare service for teenagers [1][2]. Group 1: New Service Launch - Lyft Inc. is planning to launch a rideshare service specifically for teenagers, named Lyft Teen, which will include safety features such as PIN authentication, audio recording during trips, and parental supervision [1]. - This new service aims to compete with a similar offering from Uber, which has allowed users aged 13-17 to use its rideshare service for the past three years [1]. Group 2: Financial Outlook - TD Cowen has reaffirmed a Buy rating on Lyft Inc. and set a price target of $32, anticipating double-digit revenue and bookings growth following the company's acquisition of Freenow in July 2025 [2]. Group 3: Company Overview - Lyft Inc. operates a peer-to-peer ridesharing marketplace in the U.S. and Canada, connecting drivers with riders, offering a car rental program for drivers, and providing a network of shared bikes and scooters for short trips [3].