Lyft (LYFT) PT Lowered to $17 at Morgan Stanley

Morgan Stanley analyst Brian Nowak lowered the price target on Lyft (NASDAQ: LYFT) to $17.00 (from $22.50) while maintaining a Equalweight rating.

The analyst comments "Rides deceleration suggests Lyft US Rides is growing HSD%, as Uber US grows mid-to-high teens despite being 2.5X faster. This speaks to LYFT's challenge to drive durable growth in an increasingly competitive US rideshare market (vs. UBER/AV). Lower '27 Adj. EBITDA -12%, PT to $17, remain EW."

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