Rosenblatt initiates Uber with "buy", Lyft with "neutral"

Uber Technologies

01/09/2026 13:23

** Brokerage Rosenblatt initiates coverage on Uber UBER.N with "buy" rating and PT of $100; Lyft LYFT.O with "neutral" rating and PT of $19
** New Uber PT represents a ~33% upside to the stock's last close; Lyft PT represents a ~14% upside to the stock's last close
** The autonomous vehicle (AV) disruption timeline is longer than the market initially feared and Uber’s multi-partnership strategy is positioned to capture volume regardless of how the supply dynamic unfolds, says brokerage
** Adds international expansion through acquisitions diversifies the business but does not resolve the core competitive gap for Lyft
**  Says AV risk more concerning for Lyft than for Uber, cites Lyft's more commoditized driver network and smaller scale
** 45 of 52 brokerages rate UBER "buy" or higher, six "hold" and one "sell"; median PT is $18 - data compiled by LSEG
** 18 of 50 brokerages rate LYFT "buy" or higher, 30 "hold" and two "sell" or lower; median PT is $18 
** As of last close, UBER down ~7% this year, LYFT up ~13%

(Reporting by Prathik Jayaprakash in Bengaluru)
((Prathik.Jayaprakash@thomsonreuters.com))