Lyft Inc. Announces Strategic Partnership with Curb to Expand Licensed Taxi Access in Los Angeles
Lyft Inc. (NASDAQ: LYFT) announced a partnership with Curb, a ride‑hailing platform that connects riders with licensed taxi drivers, on Monday, November 10, 2025. The deal is intended to improve vehicle availability, reduce passenger wait times, and increase earnings opportunities for drivers.
Key Elements of the Collaboration
- Integration of Platforms: Lyft riders will be able to request Curb’s licensed taxis directly through the Lyft app via an integration with Curb Flow.
- Geographic Launch: The service will begin in Los Angeles later in the month, with plans to expand to other markets thereafter.
- Operational Impact: The partnership aims to streamline access to licensed taxis, providing riders with more reliable options and giving drivers a broader pool of ride‑share opportunities.
Market Reaction
- Analyst Coverage: Following the announcement, several analysts updated their recommendations. Bernstein increased its price target to $23 and retained a buy rating, while Goldman Sachs raised its target to $26, maintaining a buy stance. Truist Securities set a price target of $23 with a hold rating.
- Price Targets: Earlier in September, Zephirin Group lifted its target to $18, and TD Cowen had previously raised its target to $30 with a buy rating. The current partnership is viewed as a positive catalyst for the company’s growth prospects.
Company Context
Lyft operates as a road‑and‑rail transportation provider, offering online ridesharing services across the United States. As of November 6, 2025, the company’s stock closed at $22.04, with a 52‑week high of $23.50 and a low of $9.66. The firm’s market capitalization stands at approximately $8.8 billion, and its price‑earnings ratio is 60.74.
The partnership with Curb aligns with Lyft’s broader strategy to enhance urban mobility solutions and expand its service footprint while maintaining a focus on driver and rider experience.
