Lyft (LYFT) PT Lowered to $15 at Truist Securities

Truist Securities analyst Youssef Squali lowered the price target on Lyft (NASDAQ: LYFT) to $15.00 (from $18.00) while maintaining a Hold rating.

The analyst comments "We are lowering our 1Q26 estimates below consensus expectations to better reflect the impact of winter storm Hernando in addition to better capturing the impact of Freenow on Lyft's consolidated take rate. As it pertains to Hernando, we note that this storm hit the Northeast after Lyft reported 4Q25 earnings and provided 1Q26 guidance, which means it was not contemplated by mgmt. Here, we believe the bike business in particular was adversely impacted. We are also baking in some additional conservatism around margins given rising fuel costs and Lyft’s introduction of a gas relief program for its drivers. Lastly, we provide the latest update on Lyft's AV initiatives."

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