Lyft (LYFT) PT Lowered to $15 at Cantor Fitzgerald as Rides Grow at LDD-%

Cantor Fitzgerald analyst Deepak Mathivanan lowered the price target on Lyft (NASDAQ: LYFT) to $15.00 (from $17.00) while maintaining a Neutral rating.

The analyst commented, "For LYFT, we expect 3Q GTV to come in-line with prior guidance (4-pt decel at high end), with continued LDD- % growth in rides. The company’s 4Q guide should reflect some further deceleration from lapping the first full quarter of Freenow, but rides growth is likely to be near LDD-% for 2H26E. On the AV front, we will be looking for updates on progress with Waymo in Nashville, as well as the pipeline with other partners into 2027."

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